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.
Sponsorship: Partisan Bill (Democrat 4)
Status: (Introduced - Dead) 2017-04-25 - Added Co-Sponsor Rep. Frances Ann Hurley
[HB3501 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
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| Introduced | 2017-02-10 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
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| No bill amendments currently on file for Illinois HB3501 |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
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| No supplemental documents for Illinois HB3501 currently on file. |
