HB0016
View on ILGAESTATE TAX-EXCLUSION AMOUNT
What this bill does
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code, including any deceased spousal unused exclusion amount (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Effective immediately.
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Current stage: In Committee · Last action 384 days ago · STAGNANT
How does a bill become law in Illinois?
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Introduction of Bill
A member of the Senate or the House introduces a bill, which is assigned a unique identifying number (e.g., "H.B. ___" for House bills and "S.B. ___" for Senate bills). If not enacted, it must be reintroduced in the next General Assembly with a new number.
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Committee Work — Hearings
The bill goes to the appropriate committee, which holds hearings to gather expert opinions and determine the need for the legislation.
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Committee Work — Markup, Amendments, Report
The committee may make amendments to the bill. If approved, a committee report endorsing the bill is issued.
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Floor Debate
The bill is debated and can be further amended. The debate transcripts are accessible online for public viewing.
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Passage and Consideration in Second Chamber
If the bill passes in the first chamber, it moves to the second chamber for a similar review process. If both chambers approve, it goes to the governor.
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Gubernatorial Action
The governor can sign the bill into law, veto it, or take no action (resulting in an automatic law after 60 days). The type of veto can be total or amendatory. Once signed, the bill becomes a Public Act and is assigned a Public Act number.
Sponsor Context
Hearings
This bill has not been scheduled for a committee hearing.
Witness slips
7 slips filed. Proponent / opponent / no position as filed with the committee.
| Name | Organization | Representing | Position | Hearing committee | Hearing date |
|---|---|---|---|---|---|
| David Cole | Cole Farms | Proponent | Income Tax Subcommittee | 2025-03-20 | |
| David Cole | Cole Farms | Proponent | Income Tax Subcommittee | 2025-03-20 | |
| David Cole | Cole Farms | Proponent | Income Tax Subcommittee | 2025-03-11 | |
| Michael Luebbers | Illinois Freedom Civic Coalition dba Illinois Freedom Alliance | On behalf of IFCC dba IFA | Proponent | Revenue & Finance | 2025-03-06 |
| David Curtin | Technology and Manufacturing Association | Technology and Manufacturing Association | Proponent | Revenue & Finance | 2025-02-27 |
| David Curtin Technology and Manufacturing Association | Technology and Manufacturing Association | Technology and Manufacturing Association | Proponent | Revenue & Finance | 2025-02-20 |
| Noah Finley | National Federation of Independent Business | NFIB | Proponent | Revenue & Finance | 2025-02-20 |
Action History
6 actions recorded. Last action: 2025-03-21 — Rule 19(a) / Re-referred toRules Committee. Each action's meaning and outcome signal are classified automatically.
All actions (table)
| Date | Chamber | Action | Category | Signal |
|---|---|---|---|---|
| 2024-12-04 | House | Prefiled with Clerk byRep. Chris Miller Senate Rule 5-1(d); House Rule 37(d) | Introduction & Filing | — |
| 2025-01-09 | House | First Reading Senate Rule 5-1(d)/5-2; House Rule 37(d)/38 | Introduction & Filing | — |
| 2025-01-09 | House | Referred toRules Committee Senate Rule 3-8(a); House Rule 18(a) | Committee Assignment | — |
| 2025-02-04 | House | Assigned toRevenue & Finance Committee Senate Rule 3-8(a); House Rule 18(b) | Committee Assignment | — |
| 2025-02-25 | House | ToIncome Tax Subcommittee Rule 3-3(b) | Committee Assignment | — |
| 2025-03-21 | House | Rule 19(a) / Re-referred toRules Committee House Rule 19(a); Senate analog: Rule 3-9(a) | Deadlines & Re-referrals | Mild − |