Illinois Senate Bill 397, which was signed into law in December of 2011 amended the Illinois estate tax exemption and increased the amount for 2012 going forward.

Public Act 097-0636 increased the Illinois estate tax exemption amount to $3.5 million in 2012. It also increased the Illinois estate tax exemption amount to $4.0 million for 2013 and beyond.

Illinois Public Act 097-0636

Jostock & Jostock, P.C.