Illinois General Assembly - Bill Status for HB0241
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 Bill Status of HB0241  93rd General Assembly

Short Description:  PROP TAX-EXEMPT DISABLED VETS

House Sponsors
Rep. Jack D. Franks - Mark H. Beaubien, Jr. - Jay C. Hoffman and Jack McGuire

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/15-165
30 ILCS 805/8.27 new


Synopsis As Introduced
Amends the Property Tax Code. Changes the exemption for disabled veterans. The exemption now applies only to property up to an assessed value of $58,000 owned and used exclusively as a home by a disabled veteran found eligible for specially adapted housing by the federal government or the spouse or unmarried surviving spouse of the veteran. This amendatory Act provides that the exemption applies, for taxable years 2003 and thereafter, to the first $58,000 in assessed value of property owned and used exclusively by a disabled veteran, or the spouse or unmarried surviving spouse of the veteran, as a home. Provides that a disabled veteran is a person who served in the U.S. Armed Forces and (i) who was found 100% disabled and eligible for disabled veterans benefits or (ii) who was found disabled and eligible for Social Security Disability or SSI benefits. Amends the State Mandates Act to require implementation without reimbursement.

 Fiscal Note (Illinois Department of Revenue)
 Local governments would feel most of the impact, however, there would be some cost to the State. Because of the reduced EAV, the State would have to provide additional state aid to schools.

Actions 
DateChamber Action
  1/23/2003HouseFiled with the Clerk by Rep. Jack D. Franks
  1/23/2003HouseFirst Reading
  1/23/2003HouseReferred to Rules Committee
  1/29/2003HouseAssigned to Revenue Committee
  1/30/2003HouseAdded Chief Co-Sponsor Rep. Mark H. Beaubien, Jr.
  1/30/2003HouseAdded Co-Sponsor Rep. Jack McGuire
  2/11/2003HouseFiscal Note Filed
  2/19/2003HouseAdded Chief Co-Sponsor Rep. Jay C. Hoffman
  3/13/2003HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2005HouseSession Sine Die

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