Full Text of HB5058 98th General Assembly
HB5058ham001 98TH GENERAL ASSEMBLY | Rep. Kay Hatcher Filed: 3/27/2014
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| 1 | | AMENDMENT TO HOUSE BILL 5058
| 2 | | AMENDMENT NO. ______. Amend House Bill 5058 by replacing | 3 | | everything after the enacting clause with the following:
| 4 | | "Section 5. The Property Tax Code is amended by changing | 5 | | Section 15-169 as follows: | 6 | | (35 ILCS 200/15-169) | 7 | | Sec. 15-169. Disabled veterans standard homestead | 8 | | exemption. | 9 | | (a) Beginning with taxable year 2007, an annual homestead | 10 | | exemption, limited to the amounts set forth in subsection (b), | 11 | | is granted for property that is used as a qualified residence | 12 | | by a disabled veteran. | 13 | | (b) For taxable years 2007 through 2013, the The amount of | 14 | | the exemption under this Section is as follows: | 15 | | (1) for veterans with a service-connected disability | 16 | | of at least (i) 75% for exemptions granted in taxable years |
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| 1 | | 2007 through 2009 and (ii) 70% for exemptions granted in | 2 | | taxable years year 2010 through 2013 and each taxable year | 3 | | thereafter , as certified by the United States Department of | 4 | | Veterans Affairs, the annual exemption is $5,000; and | 5 | | (2) for veterans with a service-connected disability | 6 | | of at least 50%, but less than (i) 75% for exemptions | 7 | | granted in taxable years 2007 through 2009 and (ii) 70% for | 8 | | exemptions granted in taxable years year 2010 through 2013 | 9 | | and each taxable year thereafter , as certified by the | 10 | | United States Department of Veterans Affairs, the annual | 11 | | exemption is $2,500. | 12 | | (b-3) For taxable years 2014 and thereafter, the amount of | 13 | | the exemption under this Section is as follows: | 14 | | (1) for veterans with a service-connected disability | 15 | | of at least 30% but less than 50%, as certified by the | 16 | | United States Department of Veterans Affairs, the annual | 17 | | exemption is $2,500; | 18 | | (2) for veterans with a service-connected disability | 19 | | of at least 50% but less than 70%, as certified by the | 20 | | United States Department of Veterans Affairs, the annual | 21 | | exemption is $5,000; and | 22 | | (3) for veterans with a service-connected disability | 23 | | of at least 70%, as certified by the United States | 24 | | Department of Veterans Affairs, the property is exempt from | 25 | | taxation under the Code. | 26 | | (b-5) If a homestead exemption is granted under this |
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| 1 | | Section and the person awarded the exemption subsequently | 2 | | becomes a resident of a facility licensed under the Nursing | 3 | | Home Care Act or a facility operated by the United States | 4 | | Department of Veterans Affairs, then the exemption shall | 5 | | continue (i) so long as the residence continues to be occupied | 6 | | by the qualifying person's spouse or (ii) if the residence | 7 | | remains unoccupied but is still owned by the person who | 8 | | qualified for the homestead exemption. | 9 | | (c) The tax exemption under this Section carries over to | 10 | | the benefit of the veteran's
surviving spouse as long as the | 11 | | spouse holds the legal or
beneficial title to the homestead, | 12 | | permanently resides
thereon, and does not remarry. If the | 13 | | surviving spouse sells
the property, an exemption not to exceed | 14 | | the amount granted
from the most recent ad valorem tax roll may | 15 | | be transferred to
his or her new residence as long as it is | 16 | | used as his or her
primary residence and he or she does not | 17 | | remarry. | 18 | | (d) The exemption under this Section applies for taxable | 19 | | year 2007 and thereafter. A taxpayer who claims an exemption | 20 | | under Section 15-165 or 15-168 may not claim an exemption under | 21 | | this Section. | 22 | | (e) Each taxpayer who has been granted an exemption under | 23 | | this Section must reapply on an annual basis. Application must | 24 | | be made during the application period
in effect for the county | 25 | | of his or her residence. The assessor
or chief county | 26 | | assessment officer may determine the
eligibility of |
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| 1 | | residential property to receive the homestead
exemption | 2 | | provided by this Section by application, visual
inspection, | 3 | | questionnaire, or other reasonable methods. The
determination | 4 | | must be made in accordance with guidelines
established by the | 5 | | Department. | 6 | | (f) For the purposes of this Section: | 7 | | "Qualified residence" means real
property, but less any | 8 | | portion of that property that is used for
commercial purposes, | 9 | | with an equalized assessed value of less than $250,000 that is | 10 | | the disabled veteran's primary residence. Property rented for | 11 | | more than 6 months is
presumed to be used for commercial | 12 | | purposes. | 13 | | "Veteran" means an Illinois resident who has served as a
| 14 | | member of the United States Armed Forces on active duty or
| 15 | | State active duty, a member of the Illinois National Guard, or
| 16 | | a member of the United States Reserve Forces and who has | 17 | | received an honorable discharge. | 18 | | (Source: P.A. 96-1298, eff. 1-1-11; 96-1418, eff. 8-2-10; | 19 | | 97-333, eff. 8-12-11.)".
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