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SB3015 - 104th General Assembly
ESTATE TAX-MANUFACTURING
Last Action
Senate Sponsors
Sen. Jil Tracy, Erica Harriss, Dale Fowler, Sally J. Turner, John F. Curran, Dave Syverson, Neil Anderson, Seth Lewis and Donald P. DeWitteStatutes Amended In Order of Appearance
35 ILCS 405/2from Ch. 120, par. 405A-2
Synopsis As Introduced
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.
Actions
| Date | Chamber | Action |
|---|---|---|
| 1/29/2026 | Senate | Filed with Secretary by Sen. Jil Tracy |
| 1/29/2026 | Senate | First Reading |
| 1/29/2026 | Senate | Referred to Assignments |
| 3/02/2026 | Senate | Added as Co-Sponsor Sen. Erica Harriss |
| 3/03/2026 | Senate | Added as Co-Sponsor Sen. Dale Fowler |
| 3/03/2026 | Senate | Added as Co-Sponsor Sen. Sally J. Turner |
| 3/03/2026 | Senate | Added as Co-Sponsor Sen. John F. Curran |
| 3/03/2026 | Senate | Added as Co-Sponsor Sen. Dave Syverson |
| 3/04/2026 | Senate | Added as Co-Sponsor Sen. Neil Anderson |
| 3/04/2026 | Senate | Added as Co-Sponsor Sen. Seth Lewis |
| 3/10/2026 | Senate | Added as Co-Sponsor Sen. Donald P. DeWitte |