Bill Status of SB 134   104th General Assembly

Short Description:  ESTATE TAX-SPOUSAL EXCLUSION

Senate Sponsors
Sen. Jil Tracy, Terri Bryant, Jason Plummer, Donald P. DeWitte, Sue Rezin, Chris Balkema and Dale Fowler

Last Action  View All Actions

DateChamber Action
  1/17/2025SenateReferred to Assignments

Statutes Amended In Order of Appearance
35 ILCS 405/2from Ch. 120, par. 405A-2

Synopsis As Introduced
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.

Actions 
DateChamber Action
  1/17/2025SenateFiled with Secretary by Sen. Jil Tracy
  1/17/2025SenateFirst Reading
  1/17/2025SenateReferred to Assignments
  2/6/2025SenateAdded as Co-Sponsor Sen. Terri Bryant
  2/7/2025SenateAdded as Co-Sponsor Sen. Jason Plummer
  2/20/2025SenateAdded as Co-Sponsor Sen. Donald P. DeWitte
  5/6/2025SenateAdded as Co-Sponsor Sen. Sue Rezin
  5/20/2025SenateAdded as Co-Sponsor Sen. Chris Balkema
  5/21/2025SenateAdded as Co-Sponsor Sen. Dale Fowler

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