SB1735Introduced in the Senate
ESTATE TAX-PHASE OUT
Introduced by Jil Tracy, District 50
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. Provides that the amount of the taxes imposed under the Act shall be reduced in each year by 20%. Provides that no tax shall be imposed under the Act for persons dying on or after January 1, 2030 or for transfers occurring on or after January 1, 2030. Provides that the Act is repealed on January 1, 2031. Effective immediately.
Where it stands
Added as Co-Sponsor Sen. Chris Balkema
April 2, 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
Filed with Secretary by Sen. Jil Tracy
First Reading
Referred to Assignments
Added as Co-Sponsor Sen. Patrick J. Joyce
Added as Co-Sponsor Sen. Terri Bryant
Added as Co-Sponsor Sen. Sally J. Turner
Added as Co-Sponsor Sen. Seth Lewis
Added as Co-Sponsor Sen. Donald P. DeWitte
Added as Co-Sponsor Sen. Chris Balkema
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.