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.
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.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Yep, one of the highest tax jurisdictions in the country for living taxpayers and it’s still not enough..
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.
I don’t think this is on JB’s to do list.