98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
SB3316

 

Introduced 2/14/2014, by Sen. Antonio Muņoz

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-169

    Amends the Property Tax Code. Provides that, for taxable year 2014 and each taxable year thereafter, the disabled veterans standard homestead exemption is $5,000 for veterans with a service-connected disability of at least 50% (currently, the exemption is (i) $5,000 for veterans with a service-connected disability of at least 70% and $2,500 for veterans with a service-connected disability of at least 50% but less than 70%). Effective immediately.


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

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1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 15-169 as follows:
 
6    (35 ILCS 200/15-169)
7    Sec. 15-169. Disabled veterans standard homestead
8exemption.
9    (a) Beginning with taxable year 2007, an annual homestead
10exemption, limited to the amounts set forth in subsection (b),
11is granted for property that is used as a qualified residence
12by a disabled veteran.
13    (b) The amount of the exemption under this Section is as
14follows:
15        (1) for veterans with a service-connected disability
16    of at least (i) 75% for exemptions granted in taxable years
17    2007 through 2009, and (ii) 70% for exemptions granted in
18    taxable years year 2010 through 2013, and (iii) 50% for
19    exemptions granted in taxable year 2014 and each taxable
20    year thereafter, as certified by the United States
21    Department of Veterans Affairs, the annual exemption is
22    $5,000; and
23        (2) for veterans with a service-connected disability

 

 

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1    of at least 50%, but less than (i) 75% for exemptions
2    granted in taxable years 2007 through 2009 and (ii) 70% for
3    exemptions granted in taxable years year 2010 through 2013
4    and each taxable year thereafter, as certified by the
5    United States Department of Veterans Affairs, the annual
6    exemption is $2,500.
7    (b-5) If a homestead exemption is granted under this
8Section and the person awarded the exemption subsequently
9becomes a resident of a facility licensed under the Nursing
10Home Care Act or a facility operated by the United States
11Department of Veterans Affairs, then the exemption shall
12continue (i) so long as the residence continues to be occupied
13by the qualifying person's spouse or (ii) if the residence
14remains unoccupied but is still owned by the person who
15qualified for the homestead exemption.
16    (c) The tax exemption under this Section carries over to
17the benefit of the veteran's surviving spouse as long as the
18spouse holds the legal or beneficial title to the homestead,
19permanently resides thereon, and does not remarry. If the
20surviving spouse sells the property, an exemption not to exceed
21the amount granted from the most recent ad valorem tax roll may
22be transferred to his or her new residence as long as it is
23used as his or her primary residence and he or she does not
24remarry.
25    (d) The exemption under this Section applies for taxable
26year 2007 and thereafter. A taxpayer who claims an exemption

 

 

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1under Section 15-165 or 15-168 may not claim an exemption under
2this Section.
3    (e) Each taxpayer who has been granted an exemption under
4this Section must reapply on an annual basis. Application must
5be made during the application period in effect for the county
6of his or her residence. The assessor or chief county
7assessment officer may determine the eligibility of
8residential property to receive the homestead exemption
9provided by this Section by application, visual inspection,
10questionnaire, or other reasonable methods. The determination
11must be made in accordance with guidelines established by the
12Department.
13    (f) For the purposes of this Section:
14    "Qualified residence" means real property, but less any
15portion of that property that is used for commercial purposes,
16with an equalized assessed value of less than $250,000 that is
17the disabled veteran's primary residence. Property rented for
18more than 6 months is presumed to be used for commercial
19purposes.
20    "Veteran" means an Illinois resident who has served as a
21member of the United States Armed Forces on active duty or
22State active duty, a member of the Illinois National Guard, or
23a member of the United States Reserve Forces and who has
24received an honorable discharge.
25(Source: P.A. 96-1298, eff. 1-1-11; 96-1418, eff. 8-2-10;
2697-333, eff. 8-12-11.)
 

 

 

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1    Section 99. Effective date. This Act takes effect upon
2becoming law.