HB0012 — ESTATE TX-EXCLUSION AMOUNT
Last action — Rule 19(a) / Re-referred to Rules Committee
-
1Introduced
-
2In Committee
-
3Passed House
-
4Passed Senate
-
5To Executive
-
6Enacted
This bill has been introduced in the House. Introduced December 04, 2024. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Odds of enactment
Low chanceBased on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.
Upgrade to see the exact probability and what's driving it.
A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
-
Introduced
Current position in the legislative process.
-
3 sponsors
1 primary, 2 co-sponsors signed on.
-
Bipartisan support
Sponsored across 2 parties (2 R · 1 D) — cross-party backing.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $6,000,000 for persons dying on or after January 1, 2026. Effective immediately.
Bill Text
We don't have the full text on file for this bill yet.
Read HB0012 on the official Illinois source →Action History
-
Rule 19(a) / Re-referred to Rules Committee
-
To Tax Policy: Other Taxes Subcommittee
-
Added Co-Sponsor Rep. Jay Hoffman
-
Assigned to Revenue & Finance Committee
-
Added Co-Sponsor Rep. Tony M. McCombie
-
Referred to Rules Committee
-
First Reading
-
Prefiled with Clerk by Rep. Dave Severin
Sponsors
- Dave Severin · Primary
- Tony M. McCombie · Cosponsor
- Jay Hoffman · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 2 co-sponsors · 180 not signed on
Sponsors (1)
- Dave Severin Republican
Co-sponsors (2)
- Tony M. McCombie Republican
- Jay Hoffman Democrat
Not signed on (180)
180 members have not signed on to this bill.
Show all 180 →"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.
Subjects
Frequently asked questions
- What does HB0012 do?
- Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $6,000,000 for persons dying on or after January 1, 2026. Effective immediately.
- Who sponsors HB0012 ?
- HB0012 is sponsored by Dave Severin (Republican), Tony M. McCombie (Republican), and Jay Hoffman (Democrat).
- What is the current status of HB0012 ?
- This bill has been introduced in the House. Introduced December 04, 2024. It must pass committee before a floor vote.
- Where can I track HB0012 ?
- Track HB0012 free on One Click Politics — get push/email alerts when it moves.
Make your voice heard on HB0012
Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.
Stay ahead of HB0012
Last checked for changes 3 months ago · updated continuously
One Click Politics tracks every bill in Congress and all 50 states.
Track this bill →