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McLean County Times

Monday, December 23, 2024

Illinois lawmakers debate reforms to state’s estate tax

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State Representative Jason Bunting (il) | Representative Jason Bunting (R) 106th District

State Representative Jason Bunting (il) | Representative Jason Bunting (R) 106th District

The estate tax remains a significant issue in the Illinois legislature. With 96% of Illinois farms being family-owned, there is a strong push to maintain this status. Advocates argue that reforming the state's estate tax can help farm families retain their land and livelihoods for future generations.

In an update from the Illinois Radio Network, efforts to address this legislative matter are ongoing.

"96% of Illinois farms are family-owned and we’d like to keep it that way. We can help farm families keep their land and livelihoods for generations to come by reforming Illinois’ estate tax."

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