Jil Tracy
- Republican
- Senator
- District 50
Primary
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 calculating the person's federal estate tax, then the person's Illinois exclusion amount shall include the Illinois deceased spousal unused exclusion amount for the deceased spouse with respect to whom the federal election was made. Effective immediately.
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Added as Co-Sponsor Sen. Donald P. DeWitte
Added as Co-Sponsor Sen. Jason Plummer
Added as Co-Sponsor Sen. Terri Bryant
Filed with Secretary by Sen. Jil Tracy
First Reading
Referred to Assignments
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| Introduced | HTML PDF |
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