Senator Jil Tracy: Eliminate estate tax to keep Illinois competitive with most other states – WRAM (Monmouth)

Illinois is one of just 12 states that still has a state estate tax. Senate Bill 140 amends the Illinois Estate and Generation-Skipping Transfer Tax Act to eliminate the state tax for persons dying on or after the effective date of the new law or for transfers made on or after the effective date.
3 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Old Joe
3 years ago

Yep, one of the highest tax jurisdictions in the country for living taxpayers and it’s still not enough..

Pensions Paid First
3 years ago

The state needs more tax revenue not less. I’m all for eliminating this tax but where are we going to add a tax to make up for it along with the additional taxes needed to fix our structural deficits.

Ex Illini
3 years ago

I don’t think this is on JB’s to do list.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE