Estate Tax Legislation Under Consideration in Statehouse

Share

A bill working its’ way through the state house would change the way Illinois enforces the estate tax for farmers.

Currently estates over $4 million are taxed but a proposal by State Senator Dave Kohler and others would raise the exemption to $6 million. That total, however, only applies the value of land.

Kohler says bill is in committee.

There is companion legislation in the House.

***Courtesy of farmweeknow.com***

Spread the word

Trending Now

Featured News Podcasts

Subscribe to our Community Newsletter

By submitting this form, you are consenting to receive marketing emails from: Prairie Communications, 55 Public Square, Monmouth, IL, 61462, https://977wmoi.com/. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Choose a Category

Continue Reading

Have You Scheduled Your Yearly Mammogram?

October is Breast Cancer Awareness month, which brings a yearly reminder to schedule those mammograms, shares Vice President of Business Development and Strategy with McDonough District Hospital Pat Osterman: “When

District 4 Weed Spraying Begins Oct. 1

The Illinois Department of Transportation announced that weed-spraying operations throughout District 4 begin Oct. 1. Rolling shoulder operations will take place in Peoria, Tazewell, Woodford, Knox, Warren and McDonough counties.