state_legiscan_drain · IL
ESTATE TAX-INTEREST ON REFUNDS
February 5, 2026
Summary
If enacted, this bill would require the Illinois Department of Revenue to pay interest on estate and generation-skipping transfer tax refunds if not refunded within 30 days after the later of the filing deadline or overpayment date. The interest rate would be set by the Uniform Penalty and Interest Act. This affects taxpayers and entities that file Illinois estate tax returns and may receive refunds.
AI-generated summary · Jun 28, 2026. Verify with your compliance counsel before acting.
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Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=3543&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Common questions
- What does "ESTATE TAX-INTEREST ON REFUNDS" cover?
- If enacted, this bill would require the Illinois Department of Revenue to pay interest on estate and generation-skipping transfer tax refunds if not…
- When was it published?
- It was published on February 5, 2026.