An Illinois lawmaker wants to realign Illinois’ tax on inheritance to federal thresholds, something long sought by family farmers. Currently, Illinois imposes an estate tax, sometimes called a “death tax,” of up to 16 percent. Combined with a top federal rate of 40 percent, some heirs face a tax of up to 56 percent, but the federal estate tax kicks in at just under $12 million while Illinois’ estate tax applies to any inherited value above $4 million. (The Center Square)