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SB 3015

Illinois - Session 104

Senate in_committee 2026-01-29
Business / Commerce Tax / Budget / Appropriations
Bill Details

Title: ESTATE TAX-MANUFACTURING

Summary

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 State. Defines "manufacturing business"". Effective immediately."

Sponsor
Jil Tracy
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-29 Introduced Bill introduced
2026-01-29 Status in_committee
2026-01-29 Latest Action 1/29/2026 - Senate:
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