Illinois SB 3015: SCH CD-ASTHMA MEDICATION

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB3015

Introduced 1/28/2026, by Sen. Jil Tracy 

SYNOPSIS AS INTRODUCED:

35 ILCS 405/2 from Ch. 120, par. 405A-2

 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.

LRB104 17281 HLH 30703 b

A BILL FOR

SB3015LRB104 17281 HLH 30703 b

1 AN ACT concerning revenue.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Estate and Generation-Skipping 

5Transfer Tax Act is amended by changing Section 2 as follows:

6 (35 ILCS 405/2) (from Ch. 120, par. 405A-2)

7 Sec. 2. Definitions. In this Act: 

8 "Federal estate tax" means the tax due to the United 

9States with respect to a taxable transfer under Chapter 11 of 

10the Internal Revenue Code.

11 "Federal generation-skipping transfer tax" means the tax 

12due to the United States with respect to a taxable transfer 

13under Chapter 13 of the Internal Revenue Code.

14 "Federal return" means the federal estate tax return with 

15respect to the federal estate tax and means the federal 

16generation-skipping transfer tax return with respect to the 

17federal generation-skipping transfer tax.

18 "Federal transfer tax" means the federal estate tax or the 

19federal generation-skipping transfer tax.

20 "Illinois estate tax" means the tax due to this State with 

21respect to a taxable transfer.

22 "Illinois generation-skipping trans