Full Text of HB5637 96th General Assembly
HB5637 96TH GENERAL ASSEMBLY
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96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010 HB5637
Introduced 2/9/2010, by Rep. Tom Cross - Jil Tracy SYNOPSIS AS INTRODUCED: |
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Amends the Property Tax Code. Makes a technical change in a Section concerning the disabled veterans standard homestead exemption.
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A BILL FOR
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HB5637 |
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LRB096 18933 HLH 34321 b |
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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 | 5 |
| Section 15-169 as follows: | 6 |
| (35 ILCS 200/15-169)
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| Sec. 15-169. Disabled veterans standard homestead | 8 |
| exemption. | 9 |
| (a) Beginning with taxable year 2007, an annual homestead | 10 |
| exemption, limited to the the amounts set forth in subsection | 11 |
| (b), is granted for property that is used as a qualified | 12 |
| residence 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 | 17 |
| Department of Veterans Affairs, the annual exemption is | 18 |
| $5,000; and | 19 |
| (2) for veterans with a service-connected disability | 20 |
| of at least 50%, but less than 75%, as certified by the | 21 |
| United States Department of Veterans Affairs, the annual | 22 |
| exemption is $2,500. | 23 |
| (c) The tax exemption under this Section carries over to |
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HB5637 |
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LRB096 18933 HLH 34321 b |
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| the benefit of the veteran's
surviving spouse as long as the | 2 |
| spouse holds the legal or
beneficial title to the homestead, | 3 |
| permanently resides
thereon, and does not remarry. If the | 4 |
| surviving spouse sells
the property, an exemption not to exceed | 5 |
| the amount granted
from the most recent ad valorem tax roll may | 6 |
| be transferred to
his or her new residence as long as it is | 7 |
| used as his or her
primary residence and he or she does not | 8 |
| remarry. | 9 |
| (d) The exemption under this Section applies for taxable | 10 |
| year 2007 and thereafter. A taxpayer who claims an exemption | 11 |
| under Section 15-165 or 15-168 may not claim an exemption under | 12 |
| this Section. | 13 |
| (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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| 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. | 21 |
| (f) For the purposes of this Section: | 22 |
| "Qualified residence" means real
property, but less any | 23 |
| portion of that property that is used for
commercial purposes, | 24 |
| with an equalized assessed value of less than $250,000 that is | 25 |
| the disabled veteran's primary residence. Property rented for | 26 |
| more than 6 months is
presumed to be used for commercial |
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HB5637 |
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LRB096 18933 HLH 34321 b |
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| purposes. | 2 |
| "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 | 6 |
| received an honorable discharge.
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| (Source: P.A. 95-644, eff. 10-12-07.)
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