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Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2027, the State tax credit shall be calculated as though the decedent's federal taxable estate did not include the decedent's business interest in a manufacturing business located in this State. Defines "manufacturing business". Effective immediately.
Introduced
Feb 6, 2026
Last Action
Feb 6, 2026
Session
IL 104th
Sponsors
1 primary · 0 co
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Joe C. Sosnowski
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Referred to Rules Committee
Joe C. Sosnowski