Illinois 104th General Assembly Status: Introduced Bipartisan · 14 D · 6 R cosponsors

SB2970      — ESTATE TAX-SPECIAL USE

Last action — Added as Co-Sponsor Sen. Mary Edly-Allen

  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 January 27, 2026. 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.

  • 20 sponsors

    1 primary, 19 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (14 D · 6 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.

In plain language

This bill adjusts estate tax exemptions for farms in Illinois.

The bill modifies the estate tax for farms by raising exempt amounts and allowing special valuation methods. It also adjusts exemptions annually based on the Consumer Price Index.

What this means for you
  • Families: Families inheriting qualified farm properties may benefit from higher tax exemptions and special valuation methods.

Summary

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes changes concerning the taxes due under the Act on 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". Effective January 1, 2027.

Bill Text

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

Read SB2970 on the official Illinois source →

Action History

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

  2. Added as Co-Sponsor Sen. Karina Villa

  3. Added as Co-Sponsor Sen. Rachel Ventura

  4. Added as Co-Sponsor Sen. Graciela Guzmán

  5. Added as Co-Sponsor Sen. Adriane L. Johnson

  6. Added as Co-Sponsor Sen. Elgie R. Sims, Jr.

  7. Added as Co-Sponsor Sen. Erica Harriss

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

  9. Added as Co-Sponsor Sen. Jason Plummer

  10. Added as Co-Sponsor Sen. Chris Balkema

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

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

  13. Added as Co-Sponsor Sen. Christopher Belt

  14. Added as Co-Sponsor Sen. Linda Holmes

  15. Added as Co-Sponsor Sen. Paul Faraci

  16. Added as Co-Sponsor Sen. Terri Bryant

  17. Added as Chief Co-Sponsor Sen. Patrick J. Joyce

  18. Added as Co-Sponsor Sen. Patrick J. Joyce

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

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

  21. Chief Sponsor Changed to Sen. Doris Turner

  22. Referred to Assignments

  23. First Reading

  24. Filed with Secretary by Sen. Mattie Hunter

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 19 co-sponsors · 163 not signed on

Sponsors (1)

Co-sponsors (19)

Not signed on (163)

163 members have not signed on to this bill.

Show all 163 →

"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 SB2970      do?
Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes changes concerning the taxes due under the Act on 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". Effective January 1, 2027.
Who sponsors SB2970     ?
SB2970      is sponsored by Doris Turner (Democrat), Patrick J. Joyce (Democrat), Javier L. Cervantes (Democrat), Suzy Glowiak Hilton (Democrat), Terri Bryant (Republican), Paul Faraci (Democrat), Linda Holmes (Democrat), Christopher Belt (Democrat), Andrew S. Chesney (Republican), Meg Loughran Cappel (Democrat), Chris Balkema (Republican), Jason Plummer (Republican), Sally J. Turner (Republican), Erica Harriss (Republican), Rachel Ventura (Democrat), Karina Villa (Democrat), Mary Edly-Allen (Democrat), Elgie R. Sims, Jr. (Democrat), Adriane L. Johnson (Democrat), and Graciela Guzmán (Democrat).
What is the current status of SB2970     ?
This bill has been introduced in the Senate. Introduced January 27, 2026. It must pass committee before a floor vote.
Where can I track SB2970     ?
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Last checked for changes about 2 months ago · updated continuously

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