Full Text of HB5623 96th General Assembly
HB5623ham002 96TH GENERAL ASSEMBLY
|
Rep. Jim Watson
Filed: 3/25/2010
|
|
09600HB5623ham002 |
|
LRB096 18934 HLH 39655 a |
|
| 1 |
| AMENDMENT TO HOUSE BILL 5623
| 2 |
| AMENDMENT NO. ______. Amend House Bill 5623 by replacing | 3 |
| everything after the enacting clause with the following:
| 4 |
| "Section 5. The Property Tax Code is amended by changing | 5 |
| Section 15-169 as follows: | 6 |
| (35 ILCS 200/15-169) | 7 |
| Sec. 15-169. Disabled veterans standard homestead | 8 |
| exemption. | 9 |
| (a) Beginning with taxable year 2007, an annual homestead | 10 |
| exemption, limited to the amounts set forth in subsection (b), | 11 |
| is granted for property that is used as a qualified residence | 12 |
| by a disabled veteran. | 13 |
| (b) The amount of the exemption under this Section is as | 14 |
| follows: | 15 |
| (1) for veterans with a service-connected disability | 16 |
| of at least 75%, as certified by the United States |
|
|
|
09600HB5623ham002 |
- 2 - |
LRB096 18934 HLH 39655 a |
|
| 1 |
| Department of Veterans Affairs, the annual exemption is | 2 |
| $5,000; and | 3 |
| (2) for veterans with a service-connected disability | 4 |
| of at least 50%, but less than 75%, as certified by the | 5 |
| United States Department of Veterans Affairs, the annual | 6 |
| exemption is $2,500. | 7 |
| (c) The tax exemption under this Section carries over to | 8 |
| the benefit of the veteran's
surviving spouse as long as the | 9 |
| spouse holds the legal or
beneficial title to the homestead, | 10 |
| permanently resides
thereon, and does not remarry. If the | 11 |
| surviving spouse sells
the property, an exemption not to exceed | 12 |
| the amount granted
from the most recent ad valorem tax roll may | 13 |
| be transferred to
his or her new residence as long as it is | 14 |
| used as his or her
primary residence and he or she does not | 15 |
| remarry. | 16 |
| (d) The exemption under this Section applies for taxable | 17 |
| year 2007 and thereafter. A taxpayer who claims an exemption | 18 |
| under Section 15-165 or 15-168 may not claim an exemption under | 19 |
| this Section. | 20 |
| (d-5) Beginning in assessment year 2010, for taxes payable | 21 |
| in 2011, property that is first occupied as a qualified | 22 |
| residence after January 1 of any assessment year beginning on | 23 |
| or after January 1, 2010, by a person who is eligible for an | 24 |
| exemption under this Section must be granted a pro-rata | 25 |
| exemption for that assessment year. The amount of the pro-rata | 26 |
| exemption is the amount of the annual exemption granted under |
|
|
|
09600HB5623ham002 |
- 3 - |
LRB096 18934 HLH 39655 a |
|
| 1 |
| this Section divided by 365 and multiplied by the number of | 2 |
| days during the assessment year the property is occupied as a | 3 |
| primary residence by a person who is eligible for an exemption | 4 |
| under this Section. The chief county assessment officer must | 5 |
| adopt reasonable procedures to establish eligibility for this | 6 |
| pro-rata exemption. | 7 |
| (e) Application must be made during the application period
| 8 |
| in effect for the county of his or her residence. The assessor
| 9 |
| or chief county assessment officer may determine the
| 10 |
| eligibility of residential property to receive the homestead
| 11 |
| exemption provided by this Section by application, visual
| 12 |
| inspection, questionnaire, or other reasonable methods. The
| 13 |
| determination must be made in accordance with guidelines
| 14 |
| established by the Department. | 15 |
| (f) For the purposes of this Section: | 16 |
| "Qualified residence" means real
property, but less any | 17 |
| portion of that property that is used for
commercial purposes, | 18 |
| with an equalized assessed value of less than $250,000 that is | 19 |
| the disabled veteran's primary residence. Property rented for | 20 |
| more than 6 months is
presumed to be used for commercial | 21 |
| purposes. | 22 |
| "Veteran" means an Illinois resident who has served as a
| 23 |
| member of the United States Armed Forces on active duty or
| 24 |
| State active duty, a member of the Illinois National Guard, or
| 25 |
| a member of the United States Reserve Forces and who has | 26 |
| received an honorable discharge. |
|
|
|
09600HB5623ham002 |
- 4 - |
LRB096 18934 HLH 39655 a |
|
| 1 |
| (Source: P.A. 95-644, eff. 10-12-07.)".
| 2 |
| Section 99. Effective date. This Act takes effect upon | 3 |
| becoming law.".
|
|