Illinois 103rd Regular Session Status: Introduced 10 R cosponsors

SB 2630 — ESTATE TAX-EXCLUSION AMOUNT

Last action — Added as Co-Sponsor Sen. Erica Harriss

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 103rd Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2025, 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.

Bill Text

How this bill changes current law

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The bill increases the Illinois estate tax exclusion amount to match the federal applicable exclusion amount starting from January 1, 2025.

  • 35 ILCS 405/2

    the exclusion amount shall be: recognizing the exclusion amount of only (i) (A) $2,000,000 for persons dying prior to January 1, 2012; , (B) (ii) $3,500,000 for persons dying on or after January 1, 2012 and prior to January 1, 2013;, and (C) (iii) $4,000,000 for persons dying on or after January 1, 2013 and before January 1, 2025; → the applicable exclusion amount calculated under Section 2010 of the Internal Revenue Code, as that Section exists on the effective date of this amendatory Act of the 103rd General Assembly, including the inflation adjustment under subparagraph (B) of paragraph (3) of subsection (b) of that Section and including any deceased spousal unused exclusion amount available after a valid election is made under subparagraph (A) of paragraph (5) of subsection (c) of that Section;

    This change updates the exclusion amount for Illinois estate tax to align with federal law starting in 2025.

Action History

  1. Added as Co-Sponsor Sen. Erica Harriss

  2. Added as Chief Co-Sponsor Sen. Jason Plummer

  3. Added as Co-Sponsor Sen. Sue Rezin

  4. Added as Co-Sponsor Sen. Seth Lewis

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

  6. Added as Co-Sponsor Sen. Win Stoller

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

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

  9. Added as Co-Sponsor Sen. Dave Syverson

  10. Added as Co-Sponsor Sen. Neil Anderson

  11. Added as Chief Co-Sponsor Sen. Tom Bennett

  12. Referred to Assignments

  13. First Reading

  14. Filed with Secretary by Sen. Jil Tracy

Sponsors

Sponsorship breakdown

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1 sponsors · 11 co-sponsors · 171 not signed on

Sponsors (1)

Co-sponsors (11)

Not signed on (171)

171 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 2630 do?
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2025, 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.
Who sponsors SB 2630?
SB 2630 is sponsored by Jil Tracy (Republican), Tom Bennett, Jason Plummer (Republican), Neil Anderson (Republican), Dave Syverson (Republican), Sally J. Turner (Republican), Donald P. DeWitte (Republican), Win Stoller, John F. Curran (Republican), Seth Lewis (Republican), Sue Rezin (Republican), and Erica Harriss (Republican).
What is the current status of SB 2630?
This bill died with 103rd Regular Session. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 2630?
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