Full Text of HB2471 100th General Assembly
HB2471 100TH GENERAL ASSEMBLY |
| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018 HB2471 Introduced , by Rep. Allen Skillicorn SYNOPSIS AS INTRODUCED: |
| |
Amends the Property Tax Code. Provides a taxpayer qualifying to receive the homestead exemption for veterans with disabilities is entitled to a refund of State income taxes in the amount of the exemption, if no exemption was granted to the taxpayer during the year of purchase of the qualified residence. Provides that a taxpayer qualifying to receive the homestead exemption for veterans with disabilities shall be automatically granted the exemption in future years without reapplying. Effective immediately.
|
| |
| | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
|
| | | HB2471 | | LRB100 10759 HLH 20990 b |
|
| 1 | | AN ACT concerning revenue.
| 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 changing | 5 | | Section 15-169 as follows: | 6 | | (35 ILCS 200/15-169) | 7 | | Sec. 15-169. Homestead exemption for veterans with | 8 | | disabilities. | 9 | | (a) Beginning with taxable year 2007, an annual homestead | 10 | | exemption, limited to the amounts set forth in subsections (b) | 11 | | and (b-3), is granted for property that is used as a qualified | 12 | | residence by a veteran with a disability. | 13 | | (b) For taxable years prior to 2015, the amount of the | 14 | | exemption under this Section is as follows: | 15 | | (1) for veterans with a service-connected disability | 16 | | of at least (i) 75% for exemptions granted in taxable years | 17 | | 2007 through 2009 and (ii) 70% for exemptions granted in | 18 | | taxable year 2010 and each taxable year thereafter, as | 19 | | certified by the United States Department of Veterans | 20 | | Affairs, the annual exemption is $5,000; and | 21 | | (2) for veterans with a service-connected disability | 22 | | of at least 50%, but less than (i) 75% for exemptions | 23 | | granted in taxable years 2007 through 2009 and (ii) 70% for |
| | | HB2471 | - 2 - | LRB100 10759 HLH 20990 b |
|
| 1 | | exemptions granted in taxable year 2010 and each taxable | 2 | | year thereafter, as certified by the United States | 3 | | Department of Veterans Affairs, the annual exemption is | 4 | | $2,500. | 5 | | (b-3) For taxable years 2015 and thereafter: | 6 | | (1) if the veteran has a service connected disability | 7 | | of 30% or more but less than 50%, as certified by the | 8 | | United States Department of Veterans Affairs, then the | 9 | | annual exemption is $2,500; | 10 | | (2) if the veteran has a service connected disability | 11 | | of 50% or more but less than 70%, as certified by the | 12 | | United States Department of Veterans Affairs, then the | 13 | | annual exemption is $5,000; and | 14 | | (3) if the veteran has a service connected disability | 15 | | of 70% or more, as certified by the United States | 16 | | Department of Veterans Affairs, then the property is exempt | 17 | | from taxation under this Code. | 18 | | (b-5) If a homestead exemption is granted under this | 19 | | Section and the person awarded the exemption subsequently | 20 | | becomes a resident of a facility licensed under the Nursing | 21 | | Home Care Act or a facility operated by the United States | 22 | | Department of Veterans Affairs, then the exemption shall | 23 | | continue (i) so long as the residence continues to be occupied | 24 | | by the qualifying person's spouse or (ii) if the residence | 25 | | remains unoccupied but is still owned by the person who | 26 | | qualified for the homestead exemption. |
| | | HB2471 | - 3 - | LRB100 10759 HLH 20990 b |
|
| 1 | | (b-6) Beginning with taxable year 2017, if a homestead | 2 | | exemption is granted under this Section for the taxable year | 3 | | immediately following the initial year of purchase of a | 4 | | qualified residence, the taxpayer is entitled to a refund under | 5 | | this Act in an amount equal to the annual exemption that has | 6 | | otherwise been granted to the taxpayer under this Section if no | 7 | | exemption was granted to the taxpayer during the year of | 8 | | purchase of the qualified residence. | 9 | | (c) The tax exemption under this Section carries over to | 10 | | the benefit of the veteran's
surviving spouse as long as the | 11 | | spouse holds the legal or
beneficial title to the homestead, | 12 | | permanently resides
thereon, and does not remarry. If the | 13 | | surviving spouse sells
the property, an exemption not to exceed | 14 | | the amount granted
from the most recent ad valorem tax roll may | 15 | | be transferred to
his or her new residence as long as it is | 16 | | used as his or her
primary residence and he or she does not | 17 | | remarry. | 18 | | (c-1) Beginning with taxable year 2015, nothing in this | 19 | | Section shall require the veteran to have qualified for or | 20 | | obtained the exemption before death if the veteran was killed | 21 | | in the line of duty. | 22 | | (d) The exemption under this Section applies for taxable | 23 | | year 2007 and thereafter. A taxpayer who claims an exemption | 24 | | under Section 15-165 or 15-168 may not claim an exemption under | 25 | | this Section. | 26 | | (e) Each taxpayer who has been granted an exemption under |
| | | HB2471 | - 4 - | LRB100 10759 HLH 20990 b |
|
| 1 | | this Section shall automatically be granted the exemption each | 2 | | following year without reapplication must reapply on an annual | 3 | | basis . Application must be made during the application period
| 4 | | in effect for the county of his or her residence. The assessor
| 5 | | or chief county assessment officer may determine the
| 6 | | eligibility of residential property to receive the homestead
| 7 | | exemption provided by this Section by application, visual
| 8 | | inspection, questionnaire, or other reasonable methods. The
| 9 | | determination must be made in accordance with guidelines
| 10 | | established by the Department. | 11 | | (f) For the purposes of this Section: | 12 | | "Qualified residence" means real
property, but less any | 13 | | portion of that property that is used for
commercial purposes, | 14 | | with an equalized assessed value of less than $250,000 that is | 15 | | the primary residence of a veteran with a disability. Property | 16 | | rented for more than 6 months is
presumed to be used for | 17 | | commercial purposes. | 18 | | "Veteran" means an Illinois resident who has served as a
| 19 | | member of the United States Armed Forces on active duty or
| 20 | | State active duty, a member of the Illinois National Guard, or
| 21 | | a member of the United States Reserve Forces and who has | 22 | | received an honorable discharge. | 23 | | "Year of purchase" means the tax year in which the veteran | 24 | | bought a qualified residence. | 25 | | (Source: P.A. 98-1145, eff. 12-30-14; 99-143, eff. 7-27-15; | 26 | | 99-375, eff. 8-17-15; 99-642, eff. 7-28-16.)
|
| | | HB2471 | - 5 - | LRB100 10759 HLH 20990 b |
|
| 1 | | Section 99. Effective date. This Act takes effect upon | 2 | | becoming law.
|
|