SB3543Introduced in the Senate
ESTATE TAX-INTEREST ON REFUNDS
Introduced by Chapin Rose, District 51
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 interest shall be paid upon any refund resulting from the overpayment of tax under the Act at the rate set forth under the Uniform Penalty and Interest Act if the overpayment is not refunded within the later of 30 days after the last date prescribed for the filing of a return under the Act or 30 days after the date of the overpayment.
Where it stands
Added as Co-Sponsor Sen. Chris Balkema
June 26, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
Bill history
Filed with Secretary by Sen. Chapin Rose
First Reading
Referred to Assignments
Added as Co-Sponsor Sen. Chris Balkema
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