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92_HB3801
LRB9213198SMdv
1 AN ACT in relation to taxes.
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. Disabled veterans.
8 (a) For taxable years 2002 and thereafter, the first
9 $58,000 in assessed value of property up to an assessed value
10 of $58,000, owned and used exclusively by a disabled veteran,
11 or the spouse or unmarried surviving spouse of the veteran,
12 as a home, is exempt.
13 (b) As used in this Section:
14 "Disabled veteran" means a person who has served in the
15 Armed Forces of the United States and (i) who was found 100%
16 disabled under 38 U.S.C., Chapter 11 (Disabled Veterans
17 Benefits) or (ii) who was found disabled under 42 U.S.C.,
18 Chapter 7, Subchapter II (Federal Old-Age, Survivors, and
19 Disability Insurance Benefits)or 42 U.S.C., Chapter 7,
20 Subchapter XVI (Supplemental Security Income for Aged, Blind,
21 and Disabled). As used in this Section, a disabled veteran
22 means a person who has served in the Armed Forces of the
23 United States and whose disability is of such a nature that
24 the Federal Government has authorized payment for purchase or
25 construction of Specially Adapted Housing as set forth in the
26 United States Code, Title 38, Chapter 21, Section 2101.
27 The exemption applies to housing where Federal funds have
28 been used to purchase or construct special adaptations to
29 suit the veteran's disability.
30 The exemption also applies to housing that is specially
31 adapted to suit the veteran's disability, and purchased
-2- LRB9213198SMdv
1 entirely or in part by the proceeds of a sale, casualty loss
2 reimbursement, or other transfer of a home for which the
3 Federal Government had previously authorized payment for
4 purchase or construction as Specially Adapted Housing.
5 However, the entire proceeds of the sale, casualty loss
6 reimbursement, or other transfer of that housing shall be
7 applied to the acquisition of subsequent specially adapted
8 housing to the extent that the proceeds equal the purchase
9 price of the subsequently acquired housing.
10 For purposes of this Section,
11 "Unmarried surviving spouse" means the surviving spouse
12 of the veteran at any time after the death of the veteran
13 during which such surviving spouse is not married.
14 (c) This exemption must be reestablished on an annual
15 basis by certification from the Illinois Department of
16 Veterans' Affairs to the Department, which shall forward a
17 copy of the certification to local assessing officials.
18 (Source: P.A. 91-401, eff. 1-1-00.)
19 Section 90. The State Mandates Act is amended by adding
20 Section 8.26 as follows:
21 (30 ILCS 805/8.26 new)
22 Sec. 8.26. Exempt mandate. Notwithstanding Sections 6
23 and 8 of this Act, no reimbursement by the State is required
24 for the implementation of any mandate created by this
25 amendatory Act of the 92nd General Assembly.