|Public Act 094-0310
||LRB094 05175 BDD 35217 b
AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Property Tax Code is amended by changing
Section 15-165 as follows:
(35 ILCS 200/15-165)
Property up to an assessed
owned and used exclusively by a
disabled veteran, or the spouse or unmarried
of the veteran, as a home, is exempt. As used in this
a disabled veteran means a person who has served in the Armed
of the United States and whose disability is of such a
nature that the Federal
Government has authorized payment for
purchase or construction of Specially
Adapted Housing as set
forth in the United States Code, Title 38, Chapter 21,
The exemption applies to housing where Federal funds have
been used to
purchase or construct special adaptations to suit
the veteran's disability.
The exemption also applies to housing that is specially
adapted to suit the
veteran's disability, and purchased
entirely or in part by the proceeds of a
sale, casualty loss
reimbursement, or other transfer of a home for which the
Federal Government had previously authorized payment for
construction as Specially Adapted Housing.
However, the entire proceeds of the sale, casualty loss
other transfer of that housing shall be
applied to the acquisition of
subsequent specially adapted
housing to the extent that the proceeds equal the
price of the subsequently acquired housing.
For purposes of this Section, "unmarried surviving spouse"
surviving spouse of the veteran at any time after the