Bill Text: IL HB3463 | 2023-2024 | 103rd General Assembly | Introduced
Bill Title: Amends the Property Tax Code. In provisions concerning an exemption for veterans with disabilities who qualify for Specially Adapted Housing, increases the maximum assessed value of the property from $100,000 to $150,000. Effective immediately.
Spectrum: Partisan Bill (Republican 9-0)
Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee [HB3463 Detail]
Download: Illinois-2023-HB3463-Introduced.html
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| 1 | AN ACT concerning revenue.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The Property Tax Code is amended by changing | |||||||||||||||||||
| 5 | Section 15-165 as follows:
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| 6 | (35 ILCS 200/15-165)
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| 7 | Sec. 15-165. Veterans with disabilities. Property up to an | |||||||||||||||||||
| 8 | assessed value of (i) $100,000 for tax years before 2024 and | |||||||||||||||||||
| 9 | (ii) $150,000 for tax year 2024 and thereafter,
owned and used | |||||||||||||||||||
| 10 | exclusively by a veteran with a disability, or the spouse or | |||||||||||||||||||
| 11 | unmarried
surviving spouse of the veteran, as a home, is | |||||||||||||||||||
| 12 | exempt. As used in this
Section, a "veteran with a disability" | |||||||||||||||||||
| 13 | means a person who has served in the Armed Forces
of the United | |||||||||||||||||||
| 14 | States and whose disability is of such a nature that the | |||||||||||||||||||
| 15 | Federal
Government has authorized payment for purchase or | |||||||||||||||||||
| 16 | construction of Specially
Adapted Housing as set forth in the | |||||||||||||||||||
| 17 | United States Code, Title 38, Chapter 21,
Section 2101.
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| 18 | The exemption applies to housing where Federal funds have | |||||||||||||||||||
| 19 | been used to
purchase or construct special adaptations to suit | |||||||||||||||||||
| 20 | the veteran's disability.
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| 21 | The exemption also applies to housing that is specially | |||||||||||||||||||
| 22 | adapted to suit the
veteran's disability, and purchased | |||||||||||||||||||
| 23 | entirely or in part by the proceeds of a
sale, casualty loss | |||||||||||||||||||
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| 1 | reimbursement, or other transfer of a home for which the
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| 2 | Federal Government had previously authorized payment for | ||||||
| 3 | purchase or
construction as Specially Adapted Housing.
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| 4 | However, the entire proceeds of the sale, casualty loss | ||||||
| 5 | reimbursement, or
other transfer of that housing shall be | ||||||
| 6 | applied to the acquisition of
subsequent specially adapted | ||||||
| 7 | housing to the extent that the proceeds equal the
purchase | ||||||
| 8 | price of the subsequently acquired housing.
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| 9 | Beginning with the 2015 tax year, the exemption also | ||||||
| 10 | applies to housing that is specifically constructed or adapted | ||||||
| 11 | to suit a qualifying veteran's disability if the housing or | ||||||
| 12 | adaptations are donated by a charitable organization, the | ||||||
| 13 | veteran has been approved to receive funds for the purchase or | ||||||
| 14 | construction of Specially Adapted Housing under Title 38, | ||||||
| 15 | Chapter 21, Section 2101 of the United States Code, and the | ||||||
| 16 | home has been inspected and certified by a licensed home | ||||||
| 17 | inspector to be in compliance with applicable standards set | ||||||
| 18 | forth in U.S. Department of Veterans Affairs, Veterans | ||||||
| 19 | Benefits Administration Pamphlet 26-13 Handbook for Design of | ||||||
| 20 | Specially Adapted Housing. | ||||||
| 21 | For purposes of this Section, "charitable organization" | ||||||
| 22 | means any benevolent, philanthropic, patriotic,
or | ||||||
| 23 | eleemosynary entity that solicits and
collects funds for | ||||||
| 24 | charitable purposes and includes each local, county, or
area | ||||||
| 25 | division of that charitable organization. | ||||||
| 26 | For purposes of this Section, "unmarried surviving spouse" | ||||||
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| 1 | means the
surviving spouse of the veteran at any time after the | ||||||
| 2 | death of the veteran
during which such surviving spouse is not | ||||||
| 3 | married.
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| 4 | This exemption must be reestablished on an annual basis by
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| 5 | certification from the Illinois Department of Veterans' | ||||||
| 6 | Affairs to the
Department, which shall forward a copy of the | ||||||
| 7 | certification to local
assessing officials.
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| 8 | A taxpayer who claims an exemption under Section 15-168 or | ||||||
| 9 | 15-169 may not claim an exemption under this Section.
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| 10 | (Source: P.A. 98-1145, eff. 12-30-14; 99-143, eff. 7-27-15.)
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| 11 | Section 99. Effective date. This Act takes effect upon | ||||||
| 12 | becoming law.
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