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91_SB1198
LRB9101081PTpk
1 AN ACT to amend the Property Tax Code by changing Section
2 15-165.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Property Tax Code is amended by changing
6 Section 15-165 as follows:
7 (35 ILCS 200/15-165)
8 Sec. 15-165. Disabled veterans. Property up to an
9 assessed value of $58,000 $50,000, owned and used exclusively
10 by a disabled veteran, or the spouse or unmarried surviving
11 spouse of the veteran, as a home, is exempt. As used in this
12 Section, a disabled veteran means a person who has served in
13 the Armed Forces of the United States and whose disability is
14 of such a nature that the Federal Government has authorized
15 payment for purchase or construction of Specially Adapted
16 Housing as set forth in the United States Code, Title 38,
17 Chapter 21, Section 2101.
18 The exemption applies to housing where Federal funds have
19 been used to purchase or construct special adaptations to
20 suit the veteran's disability.
21 The exemption also applies to housing that is specially
22 adapted to suit the veteran's disability, and purchased
23 entirely or in part by the proceeds of a sale, casualty loss
24 reimbursement, or other transfer of a home for which the
25 Federal Government had previously authorized payment for
26 purchase or construction as Specially Adapted Housing.
27 However, the entire proceeds of the sale, casualty loss
28 reimbursement, or other transfer of that housing shall be
29 applied to the acquisition of subsequent specially adapted
30 housing to the extent that the proceeds equal the purchase
31 price of the subsequently acquired housing.
-2- LRB9101081PTpk
1 For purposes of this Section, "unmarried surviving
2 spouse" means the surviving spouse of the veteran at any time
3 after the death of the veteran during which such surviving
4 spouse is not married.
5 This exemption must be reestablished on an annual basis
6 by certification from the Illinois Department of Veterans'
7 Affairs to the Department, which shall forward a copy of the
8 certification to local assessing officials.
9 (Source: P.A. 86-162; 86-241; 86-1028; 88-455.)
10 Section 90. The State Mandates Act is amended by adding
11 Section 8.23 as follows:
12 (30 ILCS 805/8.23 new)
13 Sec. 8.23. Exempt mandate. Notwithstanding Sections 6
14 and 8 of this Act, no reimbursement by the State is required
15 for the implementation of any mandate created by this
16 amendatory Act of the 91st General Assembly.