SB0139 — ESTATE TAX-EXCLUSION AMOUNT
Last action — Added as Co-Sponsor Sen. Craig Wilcox
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1Introduced
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2In Committee
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3Passed Senate
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4Passed House
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5To Executive
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6Enacted
This bill has been introduced in the Senate. Introduced January 17, 2025. It must pass committee before a floor vote.
Next likely step: a committee referral and hearing.
Odds of enactment
Low chanceBased on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.
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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.
Prognosis
Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.
Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.
Summary
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, 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
We don't have the full text on file for this bill yet.
Read SB0139 on the official Illinois source →Action History
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Added as Co-Sponsor Sen. Craig Wilcox
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Added as Co-Sponsor Sen. Dale Fowler
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Added as Co-Sponsor Sen. Sue Rezin
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Added as Co-Sponsor Sen. Donald P. DeWitte
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Added as Chief Co-Sponsor Sen. Chris Balkema
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Added as Co-Sponsor Sen. Seth Lewis
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Added as Co-Sponsor Sen. Sally J. Turner
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Added as Co-Sponsor Sen. Jason Plummer
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Added as Co-Sponsor Sen. Terri Bryant
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Referred to Assignments
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First Reading
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Filed with Secretary by Sen. Jil Tracy
Sponsors
- Jil Tracy · Primary
- Chris Balkema · Cosponsor
- Terri Bryant · Cosponsor
- Jason Plummer · Cosponsor
- Sally J. Turner · Cosponsor
- Seth Lewis · Cosponsor
- Donald P. DeWitte · Cosponsor
- Sue Rezin · Cosponsor
- Dale Fowler · Cosponsor
- Craig Wilcox · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 9 co-sponsors · 173 not signed on
Sponsors (1)
- Jil Tracy Republican
Co-sponsors (9)
- Chris Balkema Republican
- Terri Bryant Republican
- Jason Plummer Republican
- Sally J. Turner Republican
- Seth Lewis Republican
- Donald P. DeWitte Republican
- Sue Rezin Republican
- Dale Fowler Republican
- Craig Wilcox Republican
Not signed on (173)
173 members have not signed on to this bill.
Show all 173 →"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.
Subjects
Frequently asked questions
- What does SB0139 do?
- Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that, for persons dying on or after January 1, 2026, 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 SB0139 ?
- SB0139 is sponsored by Jil Tracy (Republican), Chris Balkema (Republican), Terri Bryant (Republican), Jason Plummer (Republican), Sally J. Turner (Republican), Seth Lewis (Republican), Donald P. DeWitte (Republican), Sue Rezin (Republican), Dale Fowler (Republican), and Craig Wilcox (Republican).
- What is the current status of SB0139 ?
- This bill has been introduced in the Senate. Introduced January 17, 2025. It must pass committee before a floor vote.
- Where can I track SB0139 ?
- Track SB0139 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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