IL SB0220 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Spectrum: Bipartisan Bill
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Property Tax Code. Provides that the portion of the property that is used by a business that is certified by the United States Small Business Administration as a Service-Disabled Veteran-Owned Small Business (SDVOSB) is not considered to be used for commercial purposes for the purposes of the homestead exemption for veterans with disabilities. Effective immediately.
Title
PROP TX-VETERAN-COMMERCIAL
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-07 | Senate | Session Sine Die |
| 2023-03-30 | Senate | Added as Co-Sponsor Sen. Craig Wilcox |
| 2023-01-31 | Senate | Referred to Assignments |
| 2023-01-31 | Senate | First Reading |
| 2023-01-31 | Senate | Filed with Secretary by Sen. David Koehler |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 35 | 200 | 15-169 | Amended Code | Citation Text |
Illinois State Sources
| Type | Source |
|---|---|
| Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=220&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
| Text | https://www.ilga.gov/legislation/103/SB/10300SB0220.htm |
