IllinoisSB3015104th General Assembly (2025–2026)Senate

ESTATE TAX-MANUFACTURING

Sponsored By: Jil Tracy (Republican)

In Committee

Summary

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2027, the State tax credit shall be calculated as though the decedent's federal taxable estate did not include the decedent's business interest in a manufacturing business located in this State. Defines "manufacturing business". Effective immediately.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Jil Tracy

    Republican • Senate

Cosponsors

  • Dale Fowler

    Republican • Senate

  • Dave Syverson

    Republican • Senate

  • Donald P. DeWitte

    Republican • Senate

  • Erica Harriss

    Republican • Senate

  • John F. Curran

    Republican • Senate

  • Neil Anderson

    Republican • Senate

  • Sally J. Turner

    Republican • Senate

  • Seth Lewis

    Republican • Senate

  • Terri Bryant

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Terri Bryant

    5/14/2026Senate
  2. Added as Co-Sponsor Sen. Donald P. DeWitte

    3/10/2026Senate
  3. Added as Co-Sponsor Sen. Seth Lewis

    3/4/2026Senate
  4. Added as Co-Sponsor Sen. Neil Anderson

    3/4/2026Senate
  5. Added as Co-Sponsor Sen. Dave Syverson

    3/3/2026Senate
  6. Added as Co-Sponsor Sen. John F. Curran

    3/3/2026Senate
  7. Added as Co-Sponsor Sen. Sally J. Turner

    3/3/2026Senate
  8. Added as Co-Sponsor Sen. Dale Fowler

    3/3/2026Senate
  9. Added as Co-Sponsor Sen. Erica Harriss

    3/2/2026Senate
  10. Referred to Assignments

    1/29/2026Senate
  11. First Reading

    1/29/2026Senate
  12. Filed with Secretary by Sen. Jil Tracy

    1/29/2026Senate

Bill Text

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