IllinoisSB3847104th General Assembly (2025–2026)Senate

ESTATE TAX-EXCLUSION AMOUNT

Sponsored By: John F. Curran (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 exclusion amount is $8,000,000. Provides that, for persons dying on or after January 1, 2028, the exclusion amount shall be adjusted according to the inflation adjustment described in the Internal Revenue Code. Provides that the exclusion amount includes any deceased spousal unused exclusion amount available after a valid election is made under the Internal Revenue Code. Effective immediately.

assignments

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • John F. Curran

    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

    2/6/2026Senate
  3. First Reading

    2/6/2026Senate
  4. Filed with Secretary by Sen. John F. Curran

    2/6/2026Senate

Bill Text

Related Bills

Back to State Legislation