IllinoisSB0134104th General Assembly (2025–2026)Senate

ESTATE TAX-SPOUSAL EXCLUSION

Sponsored By: Jil Tracy

In Committee

Summary

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, if a valid election has been made under the Internal Revenue Code allowing a person to take into account a federal deceased spousal unused exclusion amount for the purposes of calculating the person's federal estate tax, then the person's Illinois exclusion amount shall include the Illinois deceased spousal unused exclusion amount for the deceased spouse with respect to whom the federal election was made. Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Jil Tracy

    Affiliation unavailable

Cosponsors

  • Chris Balkema

    Affiliation unavailable

  • Dale Fowler

    Affiliation unavailable

  • Donald P. DeWitte

    Affiliation unavailable

  • Jason Plummer

    Affiliation unavailable

  • Sue Rezin

    Affiliation unavailable

  • Terri Bryant

    Affiliation unavailable

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Dale Fowler

    5/21/2025Senate
  2. Added as Co-Sponsor Sen. Chris Balkema

    5/20/2025Senate
  3. Added as Co-Sponsor Sen. Sue Rezin

    5/6/2025Senate
  4. Added as Co-Sponsor Sen. Donald P. DeWitte

    2/20/2025Senate
  5. Added as Co-Sponsor Sen. Jason Plummer

    2/7/2025Senate
  6. Added as Co-Sponsor Sen. Terri Bryant

    2/6/2025Senate
  7. Referred to Assignments

    1/17/2025Senate
  8. First Reading

    1/17/2025Senate
  9. Filed with Secretary by Sen. Jil Tracy

    1/17/2025Senate

Bill Text

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