· IL legislature · 104th

ESTATE TAX-SPECIAL USE

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes changes concerning the taxes due under the Act on 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…

Sponsor

Sharon Chung (D-IL)

Introduced

2026-01-30

Policy area

Taxation

Latest action

Added Co-Sponsor Rep. Jason R. Bunting