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SB3787Introduced in the Senate

ESTATE TAX-EXCLUSION AMOUNT

IntroducedSenate Assignments

Introduced by Jil Tracy, District 50

What does this bill do?

Plain-English breakdown

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Official description

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2027, the exclusion amount shall be the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code as that Section exists on the effective date of the amendatory Act, including the inflation adjustment and including any deceased spousal unused exclusion amount (currently, the exclusion amount for Illinois estate tax purposes is $4,000,000). Effective immediately.

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

  1. Filed with Secretary by Sen. Jil Tracy

  2. First Reading

  3. Referred to Assignments

  4. Added as Co-Sponsor Sen. Jason Plummer

  5. Added as Co-Sponsor Sen. Erica Harriss

  6. Added as Co-Sponsor Sen. Dale Fowler

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

  8. Added as Co-Sponsor Sen. John F. Curran

  9. Added as Co-Sponsor Sen. Dave Syverson

  10. Added as Co-Sponsor Sen. Neil Anderson

  11. Added as Co-Sponsor Sen. Seth Lewis

  12. Added as Co-Sponsor Sen. Craig Wilcox

  13. Added as Co-Sponsor Sen. Donald P. DeWitte

  14. Added as Co-Sponsor Sen. Chris Balkema

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