101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB2866

 

Introduced , by Rep. Sue Scherer

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-167.1 new

    Amends the Property Tax Code. Provides for a homestead exemption in the amount of $5,000 for property that is owned and occupied as the principal residence of an active duty member of the military. Effective immediately.


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

 

 

A BILL FOR

 

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1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by adding
5Section 15-167.1 as follows:
 
6    (35 ILCS 200/15-167.1 new)
7    Sec. 15-167.1. Homestead for active duty military.
8    (a) Beginning with taxable year 2019, a homestead
9exemption, limited to a reduction of $5,000 from the property's
10equalized assessed value, is granted for property that is owned
11and occupied as the principal residence of an active duty
12member of the military who is liable for paying real estate
13taxes on the property and is an owner of record of the property
14or has a legal or equitable interest therein as evidenced by a
15written instrument, except for a leasehold interest, other than
16a leasehold interest of land on which a single family residence
17is located, which is occupied as the principal residence of an
18active duty member of the military who has an ownership
19interest therein, legal, equitable or as a lessee, and on which
20he or she is liable for the payment of property taxes. For
21purposes of the exemption under this Section, "member of the
22military" means an Illinois resident who is serving as a member
23of the United States Armed Forces, a member of the Illinois

 

 

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1National Guard, or a member of the United States Reserve Forces
2on active duty.
3    (b) Application must be made during the application period
4in effect for the county in which the property is located. The
5assessor or chief county assessment officer may determine the
6eligibility of residential property to receive the homestead
7exemption provided by this Section by application, visual
8inspection, questionnaire, or other reasonable methods. The
9determination must be made in accordance with guidelines
10established by the Department.
11    (c) The exemption under this Section is in addition to any
12other homestead exemption provided in this Article 15.
13Notwithstanding Sections 6 and 8 of the State Mandates Act, no
14reimbursement by the State is required for the implementation
15of any mandate created by this Section.
 
16    Section 99. Effective date. This Act takes effect upon
17becoming law.