96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB5637


 
Introduced 2/9/2010, by Rep. Tom Cross - Jil Tracy
 
SYNOPSIS AS INTRODUCED:
 		





 







35 ILCS 200/15-169











     Amends the Property Tax Code.  Makes a technical change in a Section concerning the disabled veterans standard homestead exemption.
  















LRB096 18933 HLH 34321 b

















 


 


A BILL FOR









 




  






HB5637

LRB096 18933 HLH 34321 b





  
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    AN ACT concerning revenue.
  
 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:
  
 
 
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    Section 5. The Property Tax Code is amended  by changing 
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Section 15-169 as follows:
 
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    (35 ILCS 200/15-169)

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    Sec. 15-169. Disabled veterans standard homestead 
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exemption.
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    (a) Beginning with taxable year 2007, an annual homestead 
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exemption, limited to the the amounts set forth in subsection 
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(b),  is granted for property that is used as a qualified 
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residence by a disabled veteran.
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    (b) The amount of the exemption under this Section is as 
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follows:
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        (1) for veterans with a service-connected disability 
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    of at least 75%, as certified by the United States 
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    Department of Veterans Affairs, the annual  exemption is 
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    $5,000; and
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        (2) for veterans with a service-connected disability 
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    of at least 50%, but less than 75%, as certified by the 
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    United States Department of Veterans Affairs, the annual  
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    exemption is $2,500.
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    (c) The tax exemption under this Section carries over to 
 


 






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the benefit of the veteran's
surviving spouse as long as the 
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spouse holds the legal or
beneficial title to the homestead, 
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permanently resides
thereon, and does not remarry. If the 
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surviving spouse sells
the property, an exemption not to exceed 
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the amount granted
from the most recent ad valorem tax roll may 
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be transferred to
his or her new residence as long as it is 
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used as his or her
primary residence and he or she does not 
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remarry.
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    (d) The exemption under this Section applies for taxable 
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year 2007 and thereafter. A taxpayer who claims an exemption 
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under Section 15-165 or 15-168 may not claim an exemption under 
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this Section.
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    (e) Application must be made during the application period

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in effect for the county of his or her residence. The assessor

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or chief county assessment officer may determine the

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eligibility of residential property to receive the homestead

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exemption provided by this Section by application, visual

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inspection, questionnaire, or other reasonable methods. The

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determination must be made in accordance with guidelines

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established by the Department.
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    (f) For the purposes of this Section:
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    "Qualified residence" means real
property, but less any 
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portion of that property that is used for
commercial purposes, 
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with an equalized assessed value of less than $250,000 that is 
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the disabled veteran's primary residence. Property rented for 
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more than 6 months is
presumed to be used for commercial 
 


 






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purposes.
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    "Veteran" means an Illinois resident who has served as a

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member of the United States Armed Forces on active duty or

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State active duty, a member of the Illinois National Guard, or

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a member of the United States Reserve Forces and who has 
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received an honorable discharge.

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(Source: P.A. 95-644, eff. 10-12-07.)