97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB3389

 

Introduced 2/7/2012, by Sen. Michael Noland

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-165

    Amends the Property Tax Code. In a Section granting an exemption for specially adapted housing for disabled veterans, provides that, beginning in tax year 2011, the veteran qualifies if he or she has a service-connected disability of at least 70% (now, the veteran qualifies if his or her disability is of such a nature that the federal government has authorized payment for the purchase or construction of Specially Adapted Housing). 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 15-165 as follows:
 
6    (35 ILCS 200/15-165)
7    Sec. 15-165. Disabled veterans. Property up to an equalized
8assessed value of $70,000, owned and used exclusively by a
9disabled veteran, or the spouse or unmarried surviving spouse
10of the veteran, as a home, is exempt. As used in this Section,
11a disabled veteran means: (i) for tax years before 2011, a
12person who has served in the Armed Forces of the United States
13and whose disability is of such a nature that the Federal
14Government has authorized payment for purchase or construction
15of Specially Adapted Housing as set forth in the United States
16Code, Title 38, Chapter 21, Section 2101; and (ii) for taxable
17years 2011 and later, a person who has served in the Armed
18Forces of the United States with a service-connected disability
19of at least 70% as certified by the United States Department of
20Veterans Affairs.
21    The exemption applies to housing where Federal funds have
22been used to purchase or construct special adaptations to suit
23the veteran's disability.

 

 

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1    The exemption also applies to housing that is specially
2adapted to suit the veteran's disability, and purchased
3entirely or in part by the proceeds of a sale, casualty loss
4reimbursement, or other transfer of a home for which the
5Federal Government had previously authorized payment for
6purchase or construction as Specially Adapted Housing.
7    However, the entire proceeds of the sale, casualty loss
8reimbursement, or other transfer of that housing shall be
9applied to the acquisition of subsequent specially adapted
10housing to the extent that the proceeds equal the purchase
11price of the subsequently acquired housing.
12    For purposes of this Section, "unmarried surviving spouse"
13means the surviving spouse of the veteran at any time after the
14death of the veteran during which such surviving spouse is not
15married.
16    This exemption must be reestablished on an annual basis by
17certification from the Illinois Department of Veterans'
18Affairs to the Department, which shall forward a copy of the
19certification to local assessing officials.
20    A taxpayer who claims an exemption under Section 15-168 or
2115-169 may not claim an exemption under this Section.
22(Source: P.A. 94-310, eff. 7-25-05; 95-644, eff. 10-12-07.)
 
23    Section 99. Effective date. This Act takes effect upon
24becoming law.