Illinois Senate bill in Session 104.
Status: in_committee. Latest action: January 29, 2026.
ESTATE TAX-MANUFACTURING.
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."
| Date | Event | Detail |
|---|---|---|
| 2026-01-29 | Introduced | Bill introduced |
| 2026-01-29 | Status | in_committee |
| 2026-01-29 | Latest Action | 1/29/2026 - Senate: |