Comments: IL HB3501 | 2017-2018 | 100th General Assembly

Bill Title: Amends the Property Tax Code. In a Section concerning the homestead exemption for veterans with disabilities, provides that, for taxable years 2017 and thereafter, if the veteran has a service connected disability of 20% (currently, 30%) or more but less than 50%, then the annual exemption is $2,500. Provides that that exemption also applies to veterans who are not disabled but are over the age of 75. Removes a requirement that the homestead exemption for veterans with disabilities applies only to residences with an equalized assessed value of less than $250,000. Effective immediately.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced) 2017-04-25 - Added Co-Sponsor Rep. Frances Ann Hurley [HB3501 Detail]

Text: Latest bill text (Introduced) [HTML]

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