IllinoisSB1688104th General Assembly (2025–2026)Senate

ESTATE TAX-SPECIAL USE

Sponsored By: Doris Turner (Democratic)

In Committee

Summary

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning 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".

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Doris Turner

    Democratic • Senate

Cosponsors

  • Adriane L. Johnson

    Democratic • Senate

  • Andrew S. Chesney

    Republican • Senate

  • Chapin Rose

    Republican • Senate

  • Chris Balkema

    Republican • Senate

  • Dale Fowler

    Republican • Senate

  • Dave Syverson

    Republican • Senate

  • David Koehler

    Democratic • Senate

  • Erica Harriss

    Republican • Senate

  • Jason Plummer

    Republican • Senate

  • Javier L. Cervantes

    Democratic • Senate

  • Jil Tracy

    Republican • Senate

  • Linda Holmes

    Democratic • Senate

  • Mark L. Walker

    Democratic • Senate

  • Mary Edly-Allen

    Democratic • Senate

  • Meg Loughran Cappel

    Democratic • Senate

  • Michael E. Hastings

    Democratic • Senate

  • Michael W. Halpin

    Democratic • Senate

  • Mike Porfirio

    Democratic • Senate

  • Napoleon Harris III

    Democratic • Senate

  • Neil Anderson

    Republican • Senate

  • Paul Faraci

    Democratic • Senate

  • Rachel Ventura

    Democratic • Senate

  • Robert Peters

    Democratic • Senate

  • Sally J. Turner

    Republican • Senate

  • Steve Stadelman

    Democratic • Senate

  • Sue Rezin

    Republican • Senate

  • Suzy Glowiak Hilton

    Democratic • Senate

  • Terri Bryant

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Linda Holmes

    5/29/2025Senate
  2. Added as Chief Co-Sponsor Sen. David Koehler

    5/28/2025Senate
  3. Chief Sponsor Changed to Sen. Doris Turner

    5/26/2025Senate
  4. Sponsor Removed Sen. Doris Turner

    5/26/2025Senate
  5. Added as Co-Sponsor Sen. Jason Plummer

    5/21/2025Senate
  6. Added as Co-Sponsor Sen. Jil Tracy

    5/21/2025Senate
  7. Added as Co-Sponsor Sen. Terri Bryant

    5/12/2025Senate
  8. Added as Co-Sponsor Sen. Robert Peters

    5/8/2025Senate
  9. Added as Co-Sponsor Sen. Erica Harriss

    5/7/2025Senate
  10. Added as Co-Sponsor Sen. Sue Rezin

    5/6/2025Senate
  11. Added as Co-Sponsor Sen. Javier L. Cervantes

    4/11/2025Senate
  12. Added as Co-Sponsor Sen. Napoleon Harris III

    4/8/2025Senate
  13. Added as Co-Sponsor Sen. Mark L. Walker

    4/4/2025Senate
  14. Added as Co-Sponsor Sen. Steve Stadelman

    4/3/2025Senate
  15. Added as Chief Co-Sponsor Sen. Dale Fowler

    4/2/2025Senate
  16. Added as Chief Co-Sponsor Sen. Adriane L. Johnson

    4/1/2025Senate
  17. Added as Co-Sponsor Sen. Rachel Ventura

    3/19/2025Senate
  18. Added as Co-Sponsor Sen. Dave Syverson

    3/18/2025Senate
  19. Added as Co-Sponsor Sen. Meg Loughran Cappel

    3/10/2025Senate
  20. Added as Co-Sponsor Sen. Chris Balkema

    3/6/2025Senate
  21. Added as Co-Sponsor Sen. Suzy Glowiak Hilton

    3/5/2025Senate
  22. Added as Co-Sponsor Sen. Michael E. Hastings

    3/5/2025Senate
  23. Added as Co-Sponsor Sen. Mary Edly-Allen

    2/27/2025Senate
  24. Added as Co-Sponsor Sen. Michael W. Halpin

    2/26/2025Senate
  25. Added as Co-Sponsor Sen. Chapin Rose

    2/26/2025Senate

Bill Text

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