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SB2970Introduced in the Senate

ESTATE TAX-SPECIAL USE

IntroducedSenate Assignments

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

  1. Filed with Secretary by Sen. Mattie Hunter

  2. First Reading

  3. Referred to Assignments

  4. Chief Sponsor Changed to Sen. Doris Turner

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

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

  7. Added as Co-Sponsor Sen. Patrick J. Joyce

  8. Added as Chief Co-Sponsor Sen. Patrick J. Joyce

  9. Added as Co-Sponsor Sen. Terri Bryant

  10. Added as Co-Sponsor Sen. Paul Faraci

  11. Added as Co-Sponsor Sen. Linda Holmes

  12. Added as Co-Sponsor Sen. Christopher Belt

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

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

  15. Added as Co-Sponsor Sen. Chris Balkema

  16. Added as Co-Sponsor Sen. Jason Plummer

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

  18. Added as Co-Sponsor Sen. Erica Harriss

  19. Added as Co-Sponsor Sen. Elgie R. Sims, Jr.

  20. Added as Co-Sponsor Sen. Adriane L. Johnson

  21. Added as Co-Sponsor Sen. Graciela Guzmán

  22. Added as Co-Sponsor Sen. Rachel Ventura

  23. Added as Co-Sponsor Sen. Karina Villa

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

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