All other forms of payment will require a payment form. An Estate Tax Payment Form must be completed when submitting payments: Estate Tax Payment Form (PDF fill-in form). If you wish to submit payment electronically through an e-check, ePay will facilitate faster processing without having to submit an Estate Tax Payment Form. Payments can be accepted via check, e-check or ACH. The Office of the Illinois Treasurer will not receive any new monies to fund its new collection responsibilities.
The Office of the Illinois Treasurer will continue to pay the estate tax refunds, but the refunds will now be paid from a newly created fund that will be used solely to pay estate tax refunds. Instead, all Illinois Estate and Generation-Skipping Transfer Tax (estate taxes) should be paid directly to the Office of the Illinois Treasurer by the estate. The new law reconfigured the way estate taxes are collected from estates and how the monies are paid back to estates that are owed refunds.Īs of July 1, 2012, estates will no longer submit estate tax payments to their county treasurer. On Saturday, June 30, 2012, Governor Pat Quinn signed into law a $33.7 billion budget plan that makes changes to the state’s spending priorities while reducing its discretionary spending.
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