Illinois 104th General Assembly Status: Introduced Bipartisan · 18 R · 16 D cosponsors

HB2677      — ESTATE TAX-SPECIAL USE

Last action — Added Co-Sponsor Rep. Mary Gill

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

This bill has been introduced in the House. Introduced February 04, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Advancing 34% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 34 sponsors

    1 primary, 33 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (18 R · 16 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. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir".

Bill Text

We don't have the full text on file for this bill yet.

Read HB2677 on the official Illinois source →

Action History

  1. Added Co-Sponsor Rep. Mary Gill

  2. Added Co-Sponsor Rep. Regan Deering

  3. Added Co-Sponsor Rep. Tracy Katz Muhl

  4. Added Co-Sponsor Rep. Angelica Guerrero-Cuellar

  5. Added Co-Sponsor Rep. Yolonda Morris

  6. Added Co-Sponsor Rep. Nicolle Grasse

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

  8. Added Co-Sponsor Rep. John M. Cabello

  9. Added Co-Sponsor Rep. Jed Davis

  10. Added Co-Sponsor Rep. Dave Vella

  11. Added Co-Sponsor Rep. William "Will" Davis

  12. Added Co-Sponsor Rep. Chris Miller

  13. Added Co-Sponsor Rep. Maurice A. West, II

  14. To Tax Policy: Other Taxes Subcommittee

  15. Added Co-Sponsor Rep. David Friess

  16. Added Co-Sponsor Rep. Martin McLaughlin

  17. Added Co-Sponsor Rep. Amy L. Grant

  18. Added Co-Sponsor Rep. Jennifer Sanalitro

  19. Added Co-Sponsor Rep. Brandun Schweizer

  20. Added Co-Sponsor Rep. Patrick Sheehan

  21. Added Co-Sponsor Rep. Brad Halbrook

  22. Added Co-Sponsor Rep. Patrick Windhorst

  23. Added Co-Sponsor Rep. Amy Briel

  24. Assigned to Revenue & Finance Committee

  25. Added Chief Co-Sponsor Rep. Anthony DeLuca

  26. Added Chief Co-Sponsor Rep. Katie Stuart

  27. Added Chief Co-Sponsor Rep. Jay Hoffman

  28. Added Chief Co-Sponsor Rep. Harry Benton

  29. Added Co-Sponsor Rep. Dave Severin

  30. Added Co-Sponsor Rep. Nabeela Syed

  31. Added Co-Sponsor Rep. Barbara Hernandez

  32. Added Co-Sponsor Rep. Travis Weaver

  33. Added Co-Sponsor Rep. Ryan Spain

  34. Added Co-Sponsor Rep. Jason R. Bunting

  35. Added Co-Sponsor Rep. Dennis Tipsword

  36. Added Co-Sponsor Rep. William E Hauter

  37. Referred to Rules Committee

  38. First Reading

  39. Filed with the Clerk by Rep. Sharon Chung

Sponsors

Sponsorship breakdown

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1 sponsors · 33 co-sponsors · 149 not signed on

Sponsors (1)

Co-sponsors (33)

Not signed on (149)

149 members have not signed on to this bill.

Show all 149 →

"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 agriculture
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Frequently asked questions

What does HB2677      do?
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir".
Who sponsors HB2677     ?
HB2677      is sponsored by Sharon Chung (Democrat), Harry Benton (Democrat), Jay Hoffman (Democrat), Katie Stuart (Democrat), Anthony DeLuca (Democrat), William E Hauter (Republican), Dennis Tipsword (Republican), Jason R. Bunting (Republican), Ryan Spain (Republican), Travis Weaver (Republican), Barbara Hernandez (Democrat), Nabeela Syed (Democrat), Dave Severin (Republican), Amy Briel (Democrat), Patrick Windhorst (Republican), Brad Halbrook (Republican), Patrick Sheehan (Republican), Brandun Schweizer (Republican), Jennifer Sanalitro (Republican), Amy L. Grant (Republican), Martin McLaughlin (Republican), David Friess (Republican), Maurice A. West, II (Democrat), Chris Miller (Republican), William "Will" Davis (Democrat), Dave Vella (Democrat), Jed Davis (Republican), John M. Cabello (Republican), Nicolle Grasse (Democrat), Yolonda Morris (Democrat), Angelica Guerrero-Cuellar (Democrat), Tracy Katz Muhl (Democrat), Regan Deering (Republican), and Mary Gill (Democrat).
What is the current status of HB2677     ?
This bill has been introduced in the House. Introduced February 04, 2025. It must pass committee before a floor vote.
Where can I track HB2677     ?
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Last checked for changes 3 months ago · updated continuously

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