SB2970Introduced in the Senate
ESTATE TAX-SPECIAL USE
Introduced by Doris Turner, District 48
What does this bill do?
Plain-English breakdown
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Official description
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes changes concerning the taxes due under the Act on 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". Effective January 1, 2027.
Where it stands
Added as Co-Sponsor Sen. Mary Edly-Allen
May 30, 2026
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. Mattie Hunter
First Reading
Referred to Assignments
Chief Sponsor Changed to Sen. Doris Turner
Added as Co-Sponsor Sen. Javier L. Cervantes
Added as Co-Sponsor Sen. Suzy Glowiak Hilton
Added as Co-Sponsor Sen. Patrick J. Joyce
Added as Chief Co-Sponsor Sen. Patrick J. Joyce
Added as Co-Sponsor Sen. Terri Bryant
Added as Co-Sponsor Sen. Paul Faraci
Added as Co-Sponsor Sen. Linda Holmes
Added as Co-Sponsor Sen. Christopher Belt
Added as Co-Sponsor Sen. Andrew S. Chesney
Added as Co-Sponsor Sen. Meg Loughran Cappel
Added as Co-Sponsor Sen. Chris Balkema
Added as Co-Sponsor Sen. Jason Plummer
Added as Co-Sponsor Sen. Sally J. Turner
Added as Co-Sponsor Sen. Erica Harriss
Added as Co-Sponsor Sen. Elgie R. Sims, Jr.
Added as Co-Sponsor Sen. Adriane L. Johnson
Added as Co-Sponsor Sen. Graciela Guzmán
Added as Co-Sponsor Sen. Rachel Ventura
Added as Co-Sponsor Sen. Karina Villa
Added as Co-Sponsor Sen. Mary Edly-Allen
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