SB0139 - 104th General Assembly (2025-2026)
ESTATE TAX-EXCLUSION AMOUNT
Last Action
1/17/2025 - Senate: Referred to Assignments
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code as that Section exists on the effective date of the amendatory Act, including the inflation adjustment and including any deceased spousal unused exclusion amount (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Effective immediately.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/17/2025 | Senate | Filed with Secretary by Sen. Jil Tracy |
| 1/17/2025 | Senate | First Reading |
| 1/17/2025 | Senate | Referred to Assignments |
| 2/06/2025 | Senate | Added as Co-Sponsor Sen. Terri Bryant |
| 2/07/2025 | Senate | Added as Co-Sponsor Sen. Jason Plummer |
| 2/18/2025 | Senate | Added as Co-Sponsor Sen. Sally J. Turner |
| 2/18/2025 | Senate | Added as Co-Sponsor Sen. Seth Lewis |
| 2/20/2025 | Senate | Added as Chief Co-Sponsor Sen. Chris Balkema |
| 2/20/2025 | Senate | Added as Co-Sponsor Sen. Donald P. DeWitte |
| 5/06/2025 | Senate | Added as Co-Sponsor Sen. Sue Rezin |
| 5/21/2025 | Senate | Added as Co-Sponsor Sen. Dale Fowler |
| 10/30/2025 | Senate | Added as Co-Sponsor Sen. Craig Wilcox |