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92_SB1129 LRB9208167SMdv 1 AN ACT concerning tax reductions. 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 adding 5 Section 15-185 as follows: 6 (35 ILCS 200/13-185 new) 7 Sec. 15-185. Disabled persons supplemental homestead 8 exemption. 9 (a) For taxable years 2001 and thereafter, in addition 10 to any other homestead exemption for which homestead property 11 is eligible, the assessed value of the property eligible for 12 the homestead exemption under this Section shall be reduced 13 by 45% after all other exemptions for which the property is 14 eligible have been subtracted from that value. 15 For a person's homestead property to qualify for the 16 homestead exemption under this Section the person must: 17 (1) Be less than 65 years old. 18 (2) Be disabled as defined in Section 3.07 of the 19 Senior Citizens and Disabled Persons Property Tax Relief 20 and Pharmaceutical Assistance Act. 21 (3) Have a household income of $30,000 or less, as 22 defined in Section 15-172. 23 (b) For a person's homestead property to receive the 24 homestead exemption under this Section the property must meet 25 the criteria, except for the age and income of the owner, 26 otherwise applicable to property eligible for the senior 27 citizens assessment freeze homestead exemption under Section 28 15-172 and applicants for the exemption must follow the 29 procedures as provided in Section 15-172. 30 Section 99. Effective date. This Act takes effect upon -2- LRB9208167SMdv 1 becoming law.
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