Date	Chamber	Action
2/6/2025	Senate	Referred to Assignments

Statutes Amended In Order of Appearance

35 ILCS 405/2

from Ch. 120, par. 405A-2

35 ILCS 405/3

from Ch. 120, par. 405A-3

35 ILCS 405/4

from Ch. 120, par. 405A-4

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 amount of the Illinois estate tax shall be the amount of the Illinois taxable estate, multiplied by the Illinois estate tax rate. Sets forth the estate tax rate. Provides that the "Illinois taxable estate" means the decedent's federal gross estate, subject to certain modifications, including a deduction in the amount of $4,000,000. Makes conforming changes with respect to the generation-skipping transfer tax. Effective immediately.

Actions 

Date	Chamber	Action
2/6/2025	Senate	Filed with Secretary by Sen. Celina Villanueva
2/6/2025	Senate	First Reading
2/6/2025	Senate	Referred to Assignments
4/30/2025	Senate	Added as Co-Sponsor Sen. Rachel Ventura

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