Full Text of HB4764 101st General Assembly
HB4764 101ST GENERAL ASSEMBLY |
| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020 HB4764 Introduced 2/18/2020, by Rep. Mary Edly-Allen SYNOPSIS AS INTRODUCED: |
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Amends the Property Tax Code. Provides that the exemption for veterans with disabilities applies to property up to an assessed value of $350,000 (currently, $100,000).
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| | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| 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 15-165 as follows:
| 6 | | (35 ILCS 200/15-165)
| 7 | | Sec. 15-165. Veterans with disabilities. Property up to an | 8 | | assessed value of $350,000 $100,000 ,
owned and used exclusively | 9 | | by a veteran with a disability, or the spouse or unmarried
| 10 | | surviving spouse of the veteran, as a home, is exempt. As used | 11 | | in this
Section, a "veteran with a disability" means a person | 12 | | who has served in the Armed Forces
of the United States and | 13 | | whose disability is of such a nature that the Federal
| 14 | | Government has authorized payment for purchase or construction | 15 | | of Specially
Adapted Housing as set forth in the United States | 16 | | Code, Title 38, Chapter 21,
Section 2101.
| 17 | | The exemption applies to housing where Federal funds have | 18 | | been used to
purchase or construct special adaptations to suit | 19 | | the veteran's disability.
| 20 | | The exemption also applies to housing that is specially | 21 | | adapted to suit the
veteran's disability, and purchased | 22 | | entirely or in part by the proceeds of a
sale, casualty loss | 23 | | reimbursement, or other transfer of a home for which the
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| 1 | | Federal Government had previously authorized payment for | 2 | | purchase or
construction as Specially Adapted Housing.
| 3 | | However, the entire proceeds of the sale, casualty loss | 4 | | reimbursement, or
other transfer of that housing shall be | 5 | | applied to the acquisition of
subsequent specially adapted | 6 | | housing to the extent that the proceeds equal the
purchase | 7 | | price of the subsequently acquired housing.
| 8 | | Beginning with the 2015 tax year, the exemption also | 9 | | applies to housing that is specifically constructed or adapted | 10 | | to suit a qualifying veteran's disability if the housing or | 11 | | adaptations are donated by a charitable organization, the | 12 | | veteran has been approved to receive funds for the purchase or | 13 | | construction of Specially Adapted Housing under Title 38, | 14 | | Chapter 21, Section 2101 of the United States Code, and the | 15 | | home has been inspected and certified by a licensed home | 16 | | inspector to be in compliance with applicable standards set | 17 | | forth in U.S. Department of Veterans Affairs, Veterans Benefits | 18 | | Administration Pamphlet 26-13 Handbook for Design of Specially | 19 | | Adapted Housing. | 20 | | For purposes of this Section, "charitable organization" | 21 | | means any benevolent, philanthropic, patriotic,
or | 22 | | eleemosynary entity that solicits and
collects funds for | 23 | | charitable purposes and includes each local, county, or
area | 24 | | division of that charitable organization. | 25 | | For purposes of this Section, "unmarried surviving spouse" | 26 | | means the
surviving spouse of the veteran at any time after the |
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| 1 | | death of the veteran
during which such surviving spouse is not | 2 | | married.
| 3 | | This exemption must be reestablished on an annual basis by
| 4 | | certification from the Illinois Department of Veterans' | 5 | | Affairs to the
Department, which shall forward a copy of the | 6 | | certification to local
assessing officials.
| 7 | | A taxpayer who claims an exemption under Section 15-168 or | 8 | | 15-169 may not claim an exemption under this Section.
| 9 | | (Source: P.A. 98-1145, eff. 12-30-14; 99-143, eff. 7-27-15.)
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