ESTATE TAX-FARM PROPERTY Senate SponsorsSen. David Koehler, Dale Fowler, Christopher Belt and Sally J. Turner 1/7/2025SenateSession Sine Die 35 ILCS 405/2from Ch. 120, par. 405A-2Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2024, the person's adjusted taxable estate shall not include the value of the decedent's ownership interest in qualified farm property. Provides that certain donations must be made to food banks for property to be considered qualified farm property. Effective immediately. 2/8/2023SenateFiled with Secretary by Sen. David Koehler 2/8/2023SenateFirst Reading 2/8/2023SenateReferred to Assignments 2/14/2023SenateAssigned to Revenue 2/15/2023SenateAdded as Co-Sponsor Sen. Dale Fowler 3/10/2023SenateRule 3-9(a) / Re-referred to Assignments 3/21/2023SenateRe-assigned to Revenue 3/21/2023SenateRule 2-10 Committee Deadline Established As March 31, 2023 3/21/2023SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. David Koehler 3/21/2023SenateSenate Committee Amendment No. 1 Referred to Assignments 3/22/2023SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue 3/29/2023SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. David Koehler 3/29/2023SenateSenate Committee Amendment No. 2 Referred to Assignments 3/29/2023SenateSenate Committee Amendment No. 2 Assignments Refers to Revenue 3/31/2023SenateSenate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments 3/31/2023SenateSenate Committee Amendment No. 2 Rule 3-9(a) / Re-referred to Assignments 3/31/2023SenateRule 3-9(a) / Re-referred to Assignments 5/9/2023SenateAdded as Co-Sponsor Sen. Christopher Belt 2/1/2024SenateAdded as Co-Sponsor Sen. Sally J. Turner 1/7/2025SenateSession Sine Die