Rep. Coffey Speaks to Local Farmers at Board Meeting

Last night I met with members of the Sangamon County Farm Bureau to discuss legislative updates from the General Assembly. I was happy to speak with local farmers about certain legislation that could impact their farming operations and family tradition of owning farm land. The push for a different source of energy, EV mandates and the estate tax burden all have a direct impact on farmers across Illinois.

They all raised concerns about the direction our state is going and the unknown results of new policies being crafted by the majority party. Although we share the same concerns, I ensured all members I’m working hard to support legislation that’s best for farmers in the 95th district and Illinois.

I fully support my colleagues and Illinois farmers which is why I’m a cosponsor on the following House Bills that protect our farmers and their land:

HB 4600 – Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. 

HB 1459 -Would match the exclusion amount with the Federal amount.

HB 1576 -Increase the exclusion amount to $8 million.

HB 1582 -Would repeal the Estate Tax.

HB 2993 – Increase the exclusion amount to $12 million.

HB 3661 – Authorizes a future decedent to sign a written revocable testamentary document to move the decedent’s unused exclusion amount from the decedent’s spouse to the decedent’s child or children.

HB 4519 – Would match the exclusion amount with the Federal amount and then Provides that, for persons dying on or after January 1, 2026, the exclusion amount shall be the greater of

(i)  the applicable exclusion amount calculated under the Internal Revenue Code or

(ii) the exclusion amount that would have been calculated under the Internal Revenue Code if the decedent had died in calendar year 2025.

Rep. Coffey Tours Kincaid Power Plant to Discuss Illinois Energy