McLean County Farm Bureau continues push to raise estate tax exemption for family farms

Farmers in Illinois are two years deep into a fight to raise the the estate tax exemption for family farm operations in the state. The current rate of $4 million has remained for well over a decade and farmers in Illinois are lobbying state lawmakers to increase it to $6 million. The Family Farm Preservation Act was originally introduced by State Rep. Sharon Chung, D-Bloomington, and State Sen. Dave Koehler, D-Peoria, in 2024.

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