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, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code as that Section exists on the effective date of the amendatory Act, including the inflation adjustment and including any deceased spousal unused exclusion amount (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Effective immediately.
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Added as Co-Sponsor Sen. Donald P. DeWitte
Added as Chief Co-Sponsor Sen. Chris Balkema
Added as Co-Sponsor Sen. Sally J. Turner
Added as Co-Sponsor Sen. Seth Lewis
Added as Co-Sponsor Sen. Jason Plummer
Added as Co-Sponsor Sen. Terri Bryant
Filed with Secretary by Sen. Jil Tracy
Referred to Assignments
First Reading
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| Introduced | HTML PDF |
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