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Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $12,060,000 for persons dying on or after January 1, 2027. Effective immediately.
Introduced
Jan 14, 2026
Last Action
Jan 14, 2026
Session
IL 104th
Sponsors
1 primary · 0 co
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Norine K. Hammond
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Referred to Rules Committee
Norine K. Hammond