Illinois 104th General Assembly Status: Introduced Bipartisan · 17 D · 12 R cosponsors

SB1688      — ESTATE TAX-SPECIAL USE

Last action — Added as Co-Sponsor Sen. Linda Holmes

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

This bill has been introduced in the Senate. Introduced February 05, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based 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

Advancing 34% · moderate confidence

  • Introduced

    Current position in the legislative process.

  • 29 sponsors

    1 primary, 28 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (17 D · 12 R) — cross-party backing.

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. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir".

Bill Text

We don't have the full text on file for this bill yet.

Read SB1688 on the official Illinois source →

Action History

  1. Added as Co-Sponsor Sen. Linda Holmes

  2. Added as Chief Co-Sponsor Sen. David Koehler

  3. Chief Sponsor Changed to Sen. Doris Turner

  4. Sponsor Removed Sen. Doris Turner

  5. Added as Co-Sponsor Sen. Jason Plummer

  6. Added as Co-Sponsor Sen. Jil Tracy

  7. Added as Co-Sponsor Sen. Terri Bryant

  8. Added as Co-Sponsor Sen. Robert Peters

  9. Added as Co-Sponsor Sen. Erica Harriss

  10. Added as Co-Sponsor Sen. Sue Rezin

  11. Added as Co-Sponsor Sen. Javier L. Cervantes

  12. Added as Co-Sponsor Sen. Napoleon Harris III

  13. Added as Co-Sponsor Sen. Mark L. Walker

  14. Added as Co-Sponsor Sen. Steve Stadelman

  15. Added as Chief Co-Sponsor Sen. Dale Fowler

  16. Added as Chief Co-Sponsor Sen. Adriane L. Johnson

  17. Added as Co-Sponsor Sen. Rachel Ventura

  18. Added as Co-Sponsor Sen. Dave Syverson

  19. Added as Co-Sponsor Sen. Meg Loughran Cappel

  20. Added as Co-Sponsor Sen. Chris Balkema

  21. Added as Co-Sponsor Sen. Suzy Glowiak Hilton

  22. Added as Co-Sponsor Sen. Michael E. Hastings

  23. Added as Co-Sponsor Sen. Mary Edly-Allen

  24. Added as Co-Sponsor Sen. Michael W. Halpin

  25. Added as Co-Sponsor Sen. Chapin Rose

  26. Added as Co-Sponsor Sen. Andrew S. Chesney

  27. Added as Co-Sponsor Sen. Neil Anderson

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

  29. Added as Co-Sponsor Sen. Mike Porfirio

  30. Added as Chief Co-Sponsor Sen. Paul Faraci

  31. Added as Chief Co-Sponsor Sen. Doris Turner

  32. Referred to Assignments

  33. First Reading

  34. Filed with Secretary by Sen. David Koehler

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 28 co-sponsors · 154 not signed on

Sponsors (1)

Co-sponsors (28)

Not signed on (154)

154 members have not signed on to this bill.

Show all 154 →

"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 agriculture
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 SB1688      do?
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes certain changes concerning estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir".
Who sponsors SB1688     ?
SB1688      is sponsored by Doris Turner (Democrat), Paul Faraci (Democrat), Adriane L. Johnson (Democrat), Dale Fowler (Republican), David Koehler (Democrat), Mike Porfirio (Democrat), Sally J. Turner (Republican), Neil Anderson (Republican), Andrew S. Chesney (Republican), Chapin Rose (Republican), Michael W. Halpin (Democrat), Mary Edly-Allen (Democrat), Michael E. Hastings (Democrat), Suzy Glowiak Hilton (Democrat), Chris Balkema (Republican), Meg Loughran Cappel (Democrat), Dave Syverson (Republican), Rachel Ventura (Democrat), Steve Stadelman (Democrat), Mark L. Walker (Democrat), Napoleon Harris III (Democrat), Javier L. Cervantes (Democrat), Sue Rezin (Republican), Erica Harriss (Republican), Robert Peters (Democrat), Terri Bryant (Republican), Jil Tracy (Republican), Jason Plummer (Republican), and Linda Holmes (Democrat).
What is the current status of SB1688     ?
This bill has been introduced in the Senate. Introduced February 05, 2025. It must pass committee before a floor vote.
Where can I track SB1688     ?
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