state_legiscan_drain · IL
ESTATE TAX-EXCLUSION AMOUNT
February 6, 2026
Summary
If enacted, this bill would raise the Illinois estate tax exclusion amount to $8 million for deaths on or after January 1, 2027, and require annual inflation adjustments starting January 1, 2028. It also allows inclusion of any deceased spousal unused exclusion amount. This affects estates and their executors, and banks that administer estates.
AI-generated summary · Jun 28, 2026. Verify with your compliance counsel before acting.
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Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=3847&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Common questions
- What does "ESTATE TAX-EXCLUSION AMOUNT" cover?
- If enacted, this bill would raise the Illinois estate tax exclusion amount to $8 million for deaths on or after January 1, 2027, and require annual…
- When was it published?
- It was published on February 6, 2026.