<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1457</title>
<shortdesc>ESTATE TAX-EXCLUSION AMT</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Norine K. Hammond, Tony M. McCombie, Michael J. Coffey, Jr., Bradley Fritts, Jackie Haas, Christopher "C.D." Davidsmeyer and Brandun Schweizer</sponsors>
</sponsor>
<lastaction>
<statusdate>3/21/2025</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 405/2</reference><aliasreference>from Ch. 120, par. 405A-2</aliasreference><SynopsisText>     Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Increases the exclusion amount from $4,000,000 to $12,060,000 for persons dying on or after January 1, 2026. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/21/2025</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Norine K. Hammond</action>
<statusdate>1/23/2025</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Tony M. McCombie</action>
<statusdate>1/28/2025</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/28/2025</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/5/2025</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Michael J. Coffey, Jr.</action>
<statusdate>2/18/2025</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/3/2025</statusdate><chamber>House</chamber><action>To Tax Policy: Other Taxes Subcommittee</action>
<statusdate>3/5/2025</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Bradley Fritts</action>
<statusdate>3/5/2025</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Jackie Haas</action>
<statusdate>3/5/2025</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Christopher "C.D." Davidsmeyer</action>
<statusdate>3/21/2025</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>7/15/2025</statusdate><chamber>House</chamber><action>Added Co-Sponsor Rep. Brandun Schweizer</action>
</actions>
</xml>
