Illinois legislation · 104th General Assembly
Illinois HB4736: ESTATE TAX-SPECIAL USE
Status: In committee, October 22, 2026
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.
What the bill says
A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026HB4736Introduced , by Rep. Sharon ChungSYNOPSIS AS INTRODUCED: ILCS 405/2from Ch. 120, par. 405A-235 ILCS 405/5from Ch. 120, par. 405A-5 35 ILCS 405/2 from Ch. 120, par. 405A-2 35 ILCS 405/5 from Ch. 120, par. 405A-5 ILCS 405/2 from Ch. 120, par. 405A-2 ILCS 405/5 from Ch. 120, par. 405A-5 Amends the Illinois Estate and Generation-Skipping Transfer Tax Act.Makes changes concerning the taxes due under the Act on estates thatcontain qualified farm property…
From the introduced text, January 30, 2026:
A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026HB4736Introduced , by Rep. Sharon ChungSYNOPSIS AS INTRODUCED: ILCS 405/2from Ch. 120, par. 405A-235 ILCS 405/5from Ch. 120, par. 405A-5 35 ILCS 405/2 from Ch. 120, par. 405A-2 35 ILCS 405/5 from Ch. 120, par. 405A-5 ILCS 405/2 from Ch. 120, par. 405A-2 ILCS 405/5 from Ch. 120, par. 405A-5 Amends the Illinois Estate and Generation-Skipping Transfer Tax Act.Makes changes concerning the taxes due under the Act on estates thatcontain qualified farm property. Provides that, for the purposes ofcalculating the State Death Tax Credit, those estates are subject to anexemption 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 estatevalue is computed in accordance with the Act. Provides that the exemptionshall be adjusted each year according to the increase in the Consumer PriceIndex. Makes changes concerning the calculation of the deceased spousalunused exclusion amount for those estates. Provides for a special usevaluation to provide that the value of the qualified farm property shall becalculated without regard to certain limitations under the InternalRevenue Code. Makes changes concerning the definition of "qualified heir".Effective January 1, 2027. LRB104 17738 HLH 31169 b LRB104 17738 HLH 31169 b LRB104 17738 HLH 31169 b A BILL FOR HB4736LRB104 17738 HLH 31169 b HB4736 …
Sponsors
- Sharon Chung (D, 91) · primary sponsor
- Dave Vella (D, 68)
- Jay Hoffman (D, 113)
- Anthony DeLuca (D, 80)
- Dave Severin (R, 116)
- Maurice West (D, 67)
- Michelle Mussman (D, 56)
- Rick Ryan (D, 36)
- Kimberly Du Buclet (D, 5)
- Michael J. Kelly (D, 15)
- Nicolle Grasse (D, 53)
- Jason R. Bunting (R, 106)
Latest actions
- : Added Co-Sponsor Rep. David Friess
- : Added Co-Sponsor Rep. Regan Deering
- : Added Co-Sponsor Rep. Anna Moeller
- : Added Co-Sponsor Rep. Lindsey LaPointe
- : Added Co-Sponsor Rep. Dennis Tipsword
- : Added Co-Sponsor Rep. Jason R. Bunting
- : Rule 19(a) / Re-referred to Rules Committee
- : Added Co-Sponsor Rep. Nicolle Grasse
- : Added Co-Sponsor Rep. Michael J. Kelly
- : Added Co-Sponsor Rep. Kimberly Du Buclet
Subjects: ILCS 35 - Revenue
Common questions
- What is HB4736?
- HB4736 is a bill in the Illinois Legislature (104th General Assembly): ESTATE TAX-SPECIAL USE.
- What does HB4736 do?
- In its own words: A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026HB4736Introduced , by Rep. Sharon ChungSYNOPSIS AS INTRODUCED: ILCS 405/2from Ch. 120, par. 405A-235 ILCS 405/5from Ch. 120, par. 405A-5 35 ILCS 405/2 from Ch. 120, par. 405A-2 35 ILCS 405/5 from Ch. 120, par. 405A-5 ILCS 405/2 from Ch. 120, par. 405A-2 ILCS 405/5 from Ch. 120, par. 405A-5 Amends the Illinois Estate and Generation-Skipping Transfer Tax Act.Makes changes concerning the taxes due under the Act on estates thatcontain qualified farm property…
- What is the status of HB4736?
- In committee as of October 22, 2026. Latest action: Added Co-Sponsor Rep. David Friess (October 22, 2026).
- Who sponsored HB4736?
- Sharon Chung (D, 91), with 11 co-sponsors.
- Where is the official record for HB4736?
- On the Illinois Legislature website: https://www.ilga.gov/Legislation/BillStatus?DocNum=4736&GAID=18&DocTypeID=HB&SessionID=114
Source: official Illinois record. Tracked by Delilah, AI for legislation across all 50 states and Congress.