Bill Title: Amends the Property Tax Code. Provides that the general homestead exemption and exemptions granted to disabled and returning veterans shall be granted on a pro-rata basis if the property is first occupied as a residence after January 1 of any assessment year by a person who is eligible for the exemption. Provides that cooperatives and life care facilities must credit the savings resulting from those exemptions only to the apportioned tax liability of the owner or resident who qualified for the exemption, and provides that any person who willfully refuses to so credit the savings shall be guilty of a Class B misdemeanor. Provides that the general homestead exemption and exemptions granted to disabled and returning veterans shall continue even if the qualifying taxpayer becomes a resident of a facility licensed under the Nursing Home Care Act or the MR/DD Community Care Act so long as (i) the residence continues to be occupied by the qualifying person's spouse or (ii) the residence remains unoccupied but is still owned by the person qualified for the exemption. Effective immediately.

Sponsorship: Partisan Bill (Democrat 4)

Status: (Passed) 2011-08-26 - Public Act . . . . . . . . . 97-0587 [SB0109 Detail]

---

Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2011-08-29	HTML/Text	Link	View
Amended	2011-05-26	HTML/Text	Link	View
Enrolled	Not Avail	HTML/Text	Link	View
Engrossed	Not Avail	HTML/Text	Link	View
Introduced	Not Avail	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB0109

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0109 currently on file.