Reforming the Illinois Estate Tax to Advance Tax Equity and Fund Public Services
Release: April 24, 2023
In collaboration with the University of Illinois School of Labor & Employment Relations Project for Middle Class Renewal, CTBA’s report, “Reforming the Illinois Estate Tax to Advance Tax Equity and Fund Public Services” provides a historical overview of the Estate Tax in Illinois. In addition, the report highlights how the Estate Tax can be used as good, sound fiscal policy in today’s economy. Even more, this report estimates how changes to the Illinois Estate Tax policy could have significant impacts on future Illinois budgets
P.A. 93-0030: Decoupling from the Estate Tax Saves Illinois $1.5 billion
Release: January 1, 2003
An overview of Public Act 93-30, which decoupled Illinois from the federal estate tax.