State of Illinois
92nd General Assembly
Legislation

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92_SB1129

 
                                               LRB9208167SMdv

 1        AN ACT concerning tax reductions.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.   The  Property Tax Code is amended by adding
 5    Section 15-185 as follows:

 6        (35 ILCS 200/13-185 new)
 7        Sec. 15-185.   Disabled  persons  supplemental  homestead
 8    exemption.
 9        (a)  For  taxable  years 2001 and thereafter, in addition
10    to any other homestead exemption for which homestead property
11    is eligible, the assessed value of the property eligible  for
12    the  homestead  exemption under this Section shall be reduced
13    by 45% after all other exemptions for which the  property  is
14    eligible have been subtracted from that value.
15        For  a  person's  homestead  property  to qualify for the
16    homestead exemption under this Section the person must:
17             (1)  Be less than 65 years old.
18             (2)  Be disabled as defined in Section 3.07  of  the
19        Senior  Citizens and Disabled Persons Property Tax Relief
20        and Pharmaceutical Assistance Act.
21             (3)  Have a household income of $30,000 or less,  as
22        defined in Section 15-172.
23        (b)  For  a  person's  homestead  property to receive the
24    homestead exemption under this Section the property must meet
25    the criteria, except for the age and  income  of  the  owner,
26    otherwise  applicable  to  property  eligible  for the senior
27    citizens assessment freeze homestead exemption under  Section
28    15-172  and  applicants  for  the  exemption  must follow the
29    procedures as provided in Section 15-172.

30        Section 99.  Effective date.  This Act takes effect  upon
 
                            -2-                LRB9208167SMdv
 1    becoming law.

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