Bill Status of SB3847

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SB3847 - 104th General Assembly

ESTATE TAX-EXCLUSION AMOUNT
Last Action
2/06/2026 - Senate: Referred to Assignments
Senate Sponsors
Sen. John F. Curran
Statutes 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 exclusion amount is $8,000,000. Provides that, for persons dying on or after January 1, 2028, the exclusion amount shall be adjusted according to the inflation adjustment described in the Internal Revenue Code. Provides that the exclusion amount includes any deceased spousal unused exclusion amount available after a valid election is made under the Internal Revenue Code. Effective immediately.
Actions
Date Chamber Action
2/06/2026 Senate Filed with Secretary by Sen. John F. Curran
2/06/2026 Senate First Reading
2/06/2026 Senate Referred to Assignments