Illinois legislation · 104th General Assembly
Illinois SB3543: ESTATE TAX-INTEREST ON REFUNDS
Status: Introduced, June 26, 2026
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.
What the bill says
A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3543Introduced 2/5/2026, by Sen. Chapin RoseSYNOPSIS AS INTRODUCED: ILCS 405/13from Ch. 120, par. 405A-13 35 ILCS 405/13 from Ch. 120, par. 405A-13 ILCS 405/13 from Ch. 120, par…
From the introduced text, February 5, 2026:
A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3543Introduced 2/5/2026, by Sen. Chapin RoseSYNOPSIS AS INTRODUCED: ILCS 405/13from Ch. 120, par. 405A-13 35 ILCS 405/13 from Ch. 120, par. 405A-13 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 theoverpayment of tax under the Act at the rate set forth under the UniformPenalty and Interest Act if the overpayment is not refunded within thelater of 30 days after the last date prescribed for the filing of a returnunder the Act or 30 days after the date of the overpayment. LRB104 17188 HLH 30607 b LRB104 17188 HLH 30607 b LRB104 17188 HLH 30607 b A BILL FOR SB3543LRB104 17188 HLH 30607 b SB3543 LRB104 17188 HLH 30607 b SB3543 LRB104 17188 HLH 30607 b AN ACT concerning revenue. Be it enacted by the People of the State of Illinois, represented in the General Assembly: Section 5.The Illinois Estate and Generation-Skipping Transfer Tax Act is amended by changing Section 13 as follows: (35 ILCS 405/13)(from Ch. 120, par. 405A-13) Sec. 13.Collection by county treasurers; tax collection distribution fund. (a) Collection by county treasurers. Each county treasurer shall transmit to the State Treasurer all taxes, interest or penalties paid to the county …
Sponsors
- Chris Balkema (R, 53)
- Chapin Rose (R, 51) · primary sponsor
Latest actions
- : Added as Co-Sponsor Sen. Chris Balkema
- : Referred to Assignments
- : First Reading
- : Filed with Secretary by Sen. Chapin Rose
Subjects: ILCS 35 - Revenue
Common questions
- What is SB3543?
- SB3543 is a bill in the Illinois Legislature (104th General Assembly): ESTATE TAX-INTEREST ON REFUNDS.
- What does SB3543 do?
- In its own words: A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026SB3543Introduced 2/5/2026, by Sen. Chapin RoseSYNOPSIS AS INTRODUCED: ILCS 405/13from Ch. 120, par. 405A-13 35 ILCS 405/13 from Ch. 120, par. 405A-13 ILCS 405/13 from Ch. 120, par…
- What is the status of SB3543?
- Introduced as of June 26, 2026. Latest action: Added as Co-Sponsor Sen. Chris Balkema (June 26, 2026).
- Who sponsored SB3543?
- Chapin Rose (R, 51), with 1 co-sponsor.
- Where is the official record for SB3543?
- On the Illinois Legislature website: https://www.ilga.gov/Legislation/BillStatus?DocNum=3543&GAID=18&DocTypeID=SB&SessionID=114
Source: official Illinois record. Tracked by Delilah, AI for legislation across all 50 states and Congress.