IL SB0134 | 2025-2026 | 104th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 17 2025 - 25% progression
Action: 2025-01-17 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 17 2025 - 25% progression
Action: 2025-01-17 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
ESTATE TAX-SPOUSAL EXCLUSION
Sponsors
| Sen. Jil Tracy [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-17 | Senate | Referred to Assignments |
| 2025-01-17 | Senate | First Reading |
| 2025-01-17 | Senate | Filed with Secretary by Sen. Jil Tracy |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 405 | 2 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=134&GAID=18&DocTypeID=SB&SessionID=114&GA=104 |
| Text | https://www.ilga.gov/legislation/104/SB/10400SB0134.htm |
