Illinois 104th General Assembly Status: Introduced Bipartisan · 12 D · 3 R cosponsors

HB4736      — ESTATE TAX-SPECIAL USE

Last action — Added Co-Sponsor Rep. Regan Deering

  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 January 30, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Advancing 34% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • Introduced

    Current position in the legislative process.

  • 16 sponsors

    1 primary, 15 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (12 D · 3 R) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill increases the estate tax exemption for qualified farm properties in Illinois.

This bill amends the Illinois Estate Tax Act to raise the exemption for estates with qualified farm property from $4 million to $6 million. It also allows adjustments for inflation and modifies how the value of qualified farm property is calculated.

What this means for you
  • Families: For families inheriting farm property, this bill increases the tax exemption, potentially reducing their estate tax burden.
  • Small Business: Small business owners with qualified farm property may benefit from a higher exemption when passing on their business.

Summary

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes changes concerning the taxes due under the Act on 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". Effective January 1, 2027.

Bill Text

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

Read HB4736 on the official Illinois source →

Action History

  1. Added Co-Sponsor Rep. Regan Deering

  2. Added Co-Sponsor Rep. Anna Moeller

  3. Added Co-Sponsor Rep. Lindsey LaPointe

  4. Added Co-Sponsor Rep. Dennis Tipsword

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

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

  7. Added Co-Sponsor Rep. Nicolle Grasse

  8. Added Co-Sponsor Rep. Michael J. Kelly

  9. Added Co-Sponsor Rep. Kimberly Du Buclet

  10. Added Co-Sponsor Rep. Rick Ryan

  11. Added Co-Sponsor Rep. Michelle Mussman

  12. Added Chief Co-Sponsor Rep. Jay Hoffman

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

  14. Assigned to Revenue & Finance Committee

  15. Added Co-Sponsor Rep. Dave Severin

  16. Added Co-Sponsor Rep. Anthony DeLuca

  17. Added Chief Co-Sponsor Rep. Dave Vella

  18. Referred to Rules Committee

  19. First Reading

  20. Filed with the Clerk by Rep. Sharon Chung

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 15 co-sponsors · 167 not signed on

Sponsors (1)

Co-sponsors (15)

Not signed on (167)

167 members have not signed on to this bill.

Show all 167 →

"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
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB4736      do?
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes changes concerning the taxes due under the Act on 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". Effective January 1, 2027.
Who sponsors HB4736     ?
HB4736      is sponsored by Sharon Chung (Democrat), Dave Vella (Democrat), Jay Hoffman (Democrat), Anthony DeLuca (Democrat), Dave Severin (Republican), Maurice A. West, II (Democrat), Michelle Mussman (Democrat), Rick Ryan (Democrat), Kimberly Du Buclet (Democrat), Michael J. Kelly (Democrat), Regan Deering, Nicolle Grasse (Democrat), Jason R. Bunting (Republican), Dennis Tipsword (Republican), Lindsey LaPointe (Democrat), and Anna Moeller (Democrat).
What is the current status of HB4736     ?
This bill has been introduced in the House. Introduced January 30, 2026. It must pass committee before a floor vote.
Where can I track HB4736     ?
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Last checked for changes about 1 month ago · updated continuously

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