IllinoisSB3543104th General Assembly (2025–2026)Senate

ESTATE TAX-INTEREST ON REFUNDS

Sponsored By: Chapin Rose (Republican)

In Committee

Summary

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that interest shall be paid upon any refund resulting from the overpayment of tax under the Act at the rate set forth under the Uniform Penalty and Interest Act if the overpayment is not refunded within the later of 30 days after the last date prescribed for the filing of a return under the Act or 30 days after the date of the overpayment.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Chapin Rose

    Republican • Senate

Cosponsors

  • Chris Balkema

    Republican • Senate

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Added as Co-Sponsor Sen. Chris Balkema

    6/26/2026Senate
  2. Referred to Assignments

    2/5/2026Senate
  3. First Reading

    2/5/2026Senate
  4. Filed with Secretary by Sen. Chapin Rose

    2/5/2026Senate

Bill Text

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