ESTATE TAX-SPOUSAL EXCLUSION

What it does

The legislature's own summary of the bill, or its official long title.

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.

Every action

9 steps, oldest first, as the legislature records them.

1. Jan 17, 2025SenateFiled with Secretary by Sen. Jil Tracy
2. Jan 17, 2025SenateFirst Reading
3. Jan 17, 2025CommitteeReferred to Assignments · Senate Assignments
4. Feb 6, 2025SenateAdded as Co-Sponsor Sen. Terri Bryant
5. Feb 7, 2025SenateAdded as Co-Sponsor Sen. Jason Plummer
6. Feb 20, 2025SenateAdded as Co-Sponsor Sen. Donald P. DeWitte
7. May 6, 2025SenateAdded as Co-Sponsor Sen. Sue Rezin
8. May 20, 2025SenateAdded as Co-Sponsor Sen. Chris Balkema
9. May 21, 2025SenateAdded as Co-Sponsor Sen. Dale Fowler

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 6 cosponsors: 6 Republicans.

• Jil TracyR Primary sponsor · District 50