Sen. Sally Turner

Maddy summarySB 340 amends the Probate Act of 1975 by making a technical correction to the short title of a specific section. This change updates the section's name without altering the law's substance or requirements. The bill affects only the legal text of the Probate Act and has no direct impact on residents, courts, or legal procedures. It serves as a routine clarification to ensure the statute's wording aligns with current legislative formatting.

Maddy summarySB 317 amends the Consumer Legal Funding Act by making a technical correction to the section defining the law's short title. This adjustment updates the official name reference in the statute without changing any substantive provisions or requirements. The change affects how the law is formally cited in legal documents but has no impact on consumer rights, legal funding companies, or existing regulations. It is a purely procedural update with no policy or operational consequences.

Recognizes The Coca-Cola Company and the Illinois Coca-Cola bottlers for their generous support of America250 and their historic and positive impact on Illinois and the United States and extends gratitude for their continued commitment to building a brighter future for all Americans.

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Makes changes concerning the taxes due under the Act on estates that contain qualified farm property. Provides that, for the purposes of calculating the State Death Tax Credit, those estates are subject to an exemption of $6,000,000 (rather than an exclusion amount of $4,000,000), which shall be deducted from the net estate value after the net estate value is computed in accordance with the Act. Provides that the exemption shall be adjusted each year according to the increase in the Consumer Price Index. Makes changes concerning the calculation of the deceased spousal unused exclusion amount for those estates. Provides for a special use valuation to provide that the value of the qualified farm property shall be calculated without regard to certain limitations under the Internal Revenue Code. Makes changes concerning the definition of "qualified heir". Effective January 1, 2027.

Amends the Illinois Income Tax Act. Creates an income tax credit for a qualified employer who makes a qualified contribution toward a health reimbursement arrangement for the qualified taxpayer's employees. Provides that the amount of the credit is $400 per covered employee in the first taxable year and $200 per covered employee in the second taxable year. Effective immediately.

Amends the State Finance Act. Provides that amendments to bills filed with the Secretary of the Senate or the Clerk of the House of Representatives that contain appropriations for more than one State agency for the current year or budget year shall be accompanied by certain supplemental documentation. Effective immediately.

Appropriates $1,000,000 from the General Revenue Fund to the University of Illinois for the purpose of increasing the extension service trust fund allocation for the University of Illinois Extension program to enable the University of Illinois Extension program to achieve the stated purpose of the Farmland Transition Commission under the Farmland Transition Commission Act, which includes examining current barriers individuals ages 25 through 40 years old face when trying to purchase or access farmland, reviewing current incentives and policies to encourage the transfer of farmland to current or prospective farmers ages 25 through 40 years old, and compiling resources about and assisting current and prospective farmers ages 25 through 40 years old with barriers in purchasing or otherwise accessing farmland for farm operations. Effective July 1, 2026.

Creates the Farmer Tax Benefit Act. Provides that, for taxable years ending on or after December 31, 2027, landowners may apply to the Department for an income tax credit in an amount equal to either (i) 100% of the fair market value of a qualified donation of a land protection agreement or (ii) 50% of the fair market value of the qualified donation of a fee simple interest or a remainder interest in qualified real property. Specifies that the total aggregate amount of tax credits issued under the Act in any State fiscal year shall not exceed $7,500,000. Further provides that the amount of the credit that may be claimed by a landowner for any single qualified donation shall not exceed $500,000. Contains additional provisions concerning allocation of the credit by the Department of Natural Resources and other powers of the Department of Natural Resources, allowable credit use, the Illinois Land Protection Tax Credit, legislative findings, and other related matters. Amends the Illinois Income Tax Act. Makes conforming changes. Effective immediately.

Amends the Small Business Job Creation Tax Credit Act. Renews the program for incentive periods beginning on or after July 1, 2025 and ending on or before June 30, 2032. Removes language concerning the Put Illinois to Work Program for the second series of incentive periods. Provides that the term "full-time employee" means an individual who is employed for a basic wage for at least 35 hours each week (currently, employed for a basic wage for at least 35 hours each week or renders any other standard of service generally accepted by industry custom or practice as full-time employment). Provides that a net increase in the number of full-time Illinois employees shall be treated as continuous if a different new employee is hired as a replacement within 8 weeks after the position becomes vacant (currently, a reasonable time). Effective immediately.

Appropriates $15,000,000 from the General Revenue Fund to the Illinois Community College Board for the Pipeline for the Advancement of the Healthcare Workforce (PATH) Program. Effective July 1, 2026.