Illinois · Senate Bill 2970 · 104th General Assembly

ESTATE TAX-SPECIAL USE

SB 2970 Sponsored by Doris Turner In committee

  1. Introduced Jan 27, 2026
  2. In committee Jan 27, 2026
  3. Passed the Senate Next
  4. Passed the House  
  5. To the governor  
  6. Became law  

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. Makes changes concerning the taxes due under the Act on estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net…

Read the full title (148 words)

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes changes concerning the taxes due under the Act on estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir". Effective January 1, 2027.

Every action

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

Show the 16 earlier steps
  1. SenateFiled with Secretary by Sen. Mattie Hunter
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. SenateChief Sponsor Changed to Sen. Doris Turner
  5. SenateAdded as Co-Sponsor Sen. Javier L. Cervantes
  6. SenateAdded as Co-Sponsor Sen. Suzy Glowiak Hilton
  7. SenateAdded as Co-Sponsor Sen. Patrick J. Joyce
  8. SenateAdded as Chief Co-Sponsor Sen. Patrick J. Joyce
  9. SenateAdded as Co-Sponsor Sen. Terri Bryant
  10. SenateAdded as Co-Sponsor Sen. Paul Faraci
  11. SenateAdded as Co-Sponsor Sen. Linda Holmes
  12. SenateAdded as Co-Sponsor Sen. Christopher Belt
  13. SenateAdded as Co-Sponsor Sen. Andrew S. Chesney
  14. SenateAdded as Co-Sponsor Sen. Meg Loughran Cappel
  15. SenateAdded as Co-Sponsor Sen. Chris Balkema
  16. SenateAdded as Co-Sponsor Sen. Jason Plummer
  1. SenateAdded as Co-Sponsor Sen. Sally J. Turner
  2. SenateAdded as Co-Sponsor Sen. Erica Harriss
  3. SenateAdded as Co-Sponsor Sen. Elgie R. Sims, Jr.
  4. SenateAdded as Co-Sponsor Sen. Adriane Johnson
  5. SenateAdded as Co-Sponsor Sen. Graciela Guzmán
  6. SenateAdded as Co-Sponsor Sen. Rachel Ventura
  7. SenateAdded as Co-Sponsor Sen. Karina Villa
  8. SenateAdded as Co-Sponsor Sen. Mary Edly-Allen

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 19 cosponsors: 13 Democrats, 6 Republicans.

All 19 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.