Illinois 103rd Regular Session Status: In Committee 2 R cosponsors

HB 1576 — ESTATE TAX-EXCLUSION AMT

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

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 103rd Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

In plain language

Increases Illinois estate tax exclusion to $8 million for deaths on or after January 1, 2024.

This bill raises the estate tax exclusion amount in Illinois from $4 million to $8 million for individuals who die on or after January 1, 2024. The change is effective immediately.

Summary

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, 2024 (currently, $4,000,000). Effective immediately.

Bill Text

How this bill changes current law

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The bill increases the exclusion amount for the Illinois Estate and Generation-Skipping Transfer Tax to $8,000,000 for decedents dying on or after January 1, 2024.

  • 35 ILCS 405/2

    $4,000,000 → $8,000,000

    The exclusion amount for estate tax is raised from $4 million to $8 million for deaths occurring on or after January 1, 2024.

Action History

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

  2. Added Co-Sponsor Rep. Michael J. Coffey, Jr.

  3. To Revenue - Sales, Amusement and Other Taxes Subcommittee

  4. Referred to Revenue & Finance Committee

  5. Added Co-Sponsor Rep. Chris Miller

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

  7. To Revenue - Sales, Amusement and Other Taxes Subcommittee

  8. Assigned to Revenue & Finance Committee

  9. Referred to Rules Committee

  10. First Reading

  11. Filed with the Clerk by Rep. Adam M. Niemerg

Sponsors

Sponsorship breakdown

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1 sponsors · 2 co-sponsors · 180 not signed on

Sponsors (1)

Co-sponsors (2)

Not signed on (180)

180 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
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Frequently asked questions

What does HB 1576 do?
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, 2024 (currently, $4,000,000). Effective immediately.
Who sponsors HB 1576?
HB 1576 is sponsored by Adam M. Niemerg (Republican), Chris Miller (Republican), and Michael J. Coffey and Jr..
What is the current status of HB 1576?
This bill died with 103rd Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 1576?
Track HB 1576 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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