Illinois SB 3543: ESTATE TAX-INTEREST ON REFUNDS

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB3543

Introduced 2/5/2026, by Sen. Chapin Rose 

SYNOPSIS AS INTRODUCED:

35 ILCS 405/13 from Ch. 120, par. 405A-13

 Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that interest shall be paid upon any refund resulting from the overpayment of tax under the Act at the rate set forth under the Uniform Penalty and Interest Act if the overpayment is not refunded within the later of 30 days after the last date prescribed for the filing of a return under the Act or 30 days after the date of the overpayment.

LRB104 17188 HLH 30607 b

A BILL FOR

SB3543LRB104 17188 HLH 30607 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 13 as follows:

6 (35 ILCS 405/13) (from Ch. 120, par. 405A-13)

7 Sec. 13. Collection by county treasurers; tax collection 

8distribution fund.

9 (a) Collection by county treasurers. Each county treasurer 

10shall transmit to the State Treasurer all taxes, interest or 

11penalties paid to the county treasurer under this Act and in 

12the county treasurer's possession as of the last day of the 

13previous month, together with a report under oath identifying 

14the taxpayer for or by whom an amount was paid. Those amounts 

15and the report shall be transmitted to and received by the 

16State Treasurer by the 10th day of each month. At the same 

17time, a copy of the report shall be furnished to the Attorney 

18General. The report shall be in a form and contain the 

19particulars as the State Treasurer may prescribe. The State 

20Treasu