|
|
|
|
SB3666 Enrolled |
|
LRB096 18564 HLH 35081 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. Disabled veterans standard homestead |
| 8 |
| exemption. |
| 9 |
| (a) Beginning with taxable year 2007, an annual homestead |
| 10 |
| exemption, limited to the amounts set forth in subsection (b), |
| 11 |
| is granted for property that is used as a qualified residence |
| 12 |
| 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 |
| (b-5) If a homestead exemption is granted under this |
|
|
|
SB3666 Enrolled |
- 2 - |
LRB096 18564 HLH 35081 b |
|
|
| 1 |
| Section and the person awarded the exemption subsequently |
| 2 |
| becomes a resident of a facility licensed under the Nursing |
| 3 |
| Home Care Act or a facility operated by the United States |
| 4 |
| Department of Veterans Affairs, then the exemption shall |
| 5 |
| continue (i) so long as the residence continues to be occupied |
| 6 |
| by the qualifying person's spouse or (ii) if the residence |
| 7 |
| remains unoccupied but is still owned by the person who |
| 8 |
| qualified for the homestead exemption. |
| 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 |
| (d) The exemption under this Section applies for taxable |
| 19 |
| year 2007 and thereafter. A taxpayer who claims an exemption |
| 20 |
| under Section 15-165 or 15-168 may not claim an exemption under |
| 21 |
| this Section. |
| 22 |
| (e) Application must be made during the application period
|
| 23 |
| in effect for the county of his or her residence. The assessor
|
| 24 |
| or chief county assessment officer may determine the
|
| 25 |
| eligibility of residential property to receive the homestead
|
| 26 |
| exemption provided by this Section by application, visual
|
|
|
|
SB3666 Enrolled |
- 3 - |
LRB096 18564 HLH 35081 b |
|
|
| 1 |
| inspection, questionnaire, or other reasonable methods. The
|
| 2 |
| determination must be made in accordance with guidelines
|
| 3 |
| established by the Department. |
| 4 |
| (f) For the purposes of this Section: |
| 5 |
| "Qualified residence" means real
property, but less any |
| 6 |
| portion of that property that is used for
commercial purposes, |
| 7 |
| with an equalized assessed value of less than $250,000 that is |
| 8 |
| the disabled veteran's primary residence. Property rented for |
| 9 |
| more than 6 months is
presumed to be used for commercial |
| 10 |
| purposes. |
| 11 |
| "Veteran" means an Illinois resident who has served as a
|
| 12 |
| member of the United States Armed Forces on active duty or
|
| 13 |
| State active duty, a member of the Illinois National Guard, or
|
| 14 |
| a member of the United States Reserve Forces and who has |
| 15 |
| received an honorable discharge.
|
| 16 |
| (Source: P.A. 95-644, eff. 10-12-07.)
|