SB3847Introduced in the Senate
ESTATE TAX-EXCLUSION AMOUNT
Introduced by John Curran, District 41
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 is $8,000,000. Provides that, for persons dying on or after January 1, 2028, the exclusion amount shall be adjusted according to the inflation adjustment described in the Internal Revenue Code. Provides that the exclusion amount includes any deceased spousal unused exclusion amount available after a valid election is made under the Internal Revenue Code. 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
Filed with Secretary by Sen. John F. Curran
First Reading
Referred to Assignments
Added as Co-Sponsor Sen. Chris Balkema
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