· IL legislature · 104th

ESTATE TAX-MANUFACTURING

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 Stat…

Sponsor

Jil Tracy (R-IL)

Introduced

2026-01-29

Policy area

Taxation

Latest action

Added as Co-Sponsor Sen. Donald P. DeWitte