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SB1688Introduced in the Senate

ESTATE TAX-SPECIAL USE

Introduced

Introduced by Doris Turner, District 48

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir".

Where it stands

Added as Co-Sponsor Sen. Linda Holmes

May 29, 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. David Koehler

  2. First Reading

  3. Referred to Assignments

  4. Added as Chief Co-Sponsor Sen. Doris Turner

  5. Added as Chief Co-Sponsor Sen. Paul Faraci

  6. Added as Co-Sponsor Sen. Mike Porfirio

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

  8. Added as Co-Sponsor Sen. Neil Anderson

  9. Added as Co-Sponsor Sen. Andrew S. Chesney

  10. Added as Co-Sponsor Sen. Chapin Rose

  11. Added as Co-Sponsor Sen. Michael W. Halpin

  12. Added as Co-Sponsor Sen. Mary Edly-Allen

  13. Added as Co-Sponsor Sen. Michael E. Hastings

  14. Added as Co-Sponsor Sen. Suzy Glowiak Hilton

  15. Added as Co-Sponsor Sen. Chris Balkema

  16. Added as Co-Sponsor Sen. Meg Loughran Cappel

  17. Added as Co-Sponsor Sen. Dave Syverson

  18. Added as Co-Sponsor Sen. Rachel Ventura

  19. Added as Chief Co-Sponsor Sen. Adriane L. Johnson

  20. Added as Chief Co-Sponsor Sen. Dale Fowler

  21. Added as Co-Sponsor Sen. Steve Stadelman

  22. Added as Co-Sponsor Sen. Mark L. Walker

  23. Added as Co-Sponsor Sen. Napoleon Harris III

  24. Added as Co-Sponsor Sen. Javier L. Cervantes

  25. Added as Co-Sponsor Sen. Sue Rezin

  26. Added as Co-Sponsor Sen. Erica Harriss

  27. Added as Co-Sponsor Sen. Robert Peters

  28. Added as Co-Sponsor Sen. Terri Bryant

  29. Added as Co-Sponsor Sen. Jil Tracy

  30. Added as Co-Sponsor Sen. Jason Plummer

  31. Sponsor Removed Sen. Doris Turner

  32. Chief Sponsor Changed to Sen. Doris Turner

  33. Added as Chief Co-Sponsor Sen. David Koehler

  34. Added as Co-Sponsor Sen. Linda Holmes

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