· IL legislature · 104th

ESTATE TAX-EXCLUSION AMT

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount to $8,000,000 for persons dying on or after January 1, 2026 (currently, $4,000,000). Effective immediately.

Sponsor

Adam Niemerg (R-IL)

Introduced

2025-02-04

Policy area

Taxation

Latest action

Rule 19(a) / Re-referred to Rules Committee