In CommitteeFiled Feb 6, 2026
Sponsor: Dave Severin
Latest Action
Rule 19(a) / Re-referred to Rules Committee
Mar 27, 2026
Summary
The bill changes the Illinois estate‑tax exemption so that anyone who dies on or after Jan 1 2027 uses the federal exclusion amount under IRC §2010, including any unused spousal exemption. This updates the current $4 million state exemption and could lower estate‑tax bills for larger estates. It applies to all estates subject to Illinois estate tax.
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