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SB0139Introduced in the Senate

ESTATE TAX-EXCLUSION AMOUNT

IntroducedSenate Assignments

Introduced by Jil Tracy, District 50

What does this bill do?

Plain-English breakdown

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Official description

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.

Where it stands

Added as Co-Sponsor Sen. Craig Wilcox

October 30, 2025

How did lawmakers vote?

No recorded vote is available for this bill yet.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

Bill history

  1. Filed with Secretary by Sen. Jil Tracy

  2. First Reading

  3. Referred to Assignments

  4. Added as Co-Sponsor Sen. Terri Bryant

  5. Added as Co-Sponsor Sen. Jason Plummer

  6. Added as Co-Sponsor Sen. Sally J. Turner

  7. Added as Co-Sponsor Sen. Seth Lewis

  8. Added as Chief Co-Sponsor Sen. Chris Balkema

  9. Added as Co-Sponsor Sen. Donald P. DeWitte

  10. Added as Co-Sponsor Sen. Sue Rezin

  11. Added as Co-Sponsor Sen. Dale Fowler

  12. Added as Co-Sponsor Sen. Craig Wilcox

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