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SB3666 Engrossed |
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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 amounts set forth in subsection (b), |
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| is granted for property that is used as a qualified residence |
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| 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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| (b-5) If a homestead exemption is granted under this |
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LRB096 18564 HLH 35081 b |
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| Section and the person awarded the exemption subsequently |
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| becomes a resident of a facility licensed under the Nursing |
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| Home Care Act or a facility operated by the United States |
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| Department of Veterans Affairs, then the exemption shall |
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| continue (i) so long as the residence continues to be occupied |
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| by the qualifying person's spouse or (ii) if the residence |
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| remains unoccupied but is still owned by the person who |
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| qualified for the homestead exemption. |
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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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LRB096 18564 HLH 35081 b |
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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.)
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