· IL legislature · 104th

ESTATE TAX-SPOUSAL EXCLUSION

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, if a valid election has been made under the Internal Revenue Code allowing a person to take into account a federal deceased spousal unused exclusion amount for the purposes of calculatin…

Sponsor

Jil Tracy (R-IL)

Introduced

2025-01-17

Policy area

Taxation

Latest action

Added as Co-Sponsor Sen. Dale Fowler