Bill Text: IL HB3015 | 2019-2020 | 101st General Assembly | Introduced
Bill Title: Amends the Property Tax Code. Provides that an annual homestead exemption, limited to a reduction of $10,000 from the equalized assessed value of the property, is granted for property that is owned and occupied as the principal residence of the parent or parents of a veteran who was killed in the line of duty on or after January 1, 2019.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee [HB3015 Detail]
Download: Illinois-2019-HB3015-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 adding | ||||||||||||||||||||||||
5 | Section 15-178 as follows:
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6 | (35 ILCS 200/15-178 new) | ||||||||||||||||||||||||
7 | Sec. 15-178. Military parents; homestead exemption. | ||||||||||||||||||||||||
8 | (a) For tax year 2019 and thereafter, an annual homestead | ||||||||||||||||||||||||
9 | exemption, limited to a reduction of $10,000 from the equalized | ||||||||||||||||||||||||
10 | assessed value of the property, is granted for property that is | ||||||||||||||||||||||||
11 | owned and occupied as the principal residence of the parent or | ||||||||||||||||||||||||
12 | parents of a veteran who was killed in the line of duty on or | ||||||||||||||||||||||||
13 | after January 1, 2019. | ||||||||||||||||||||||||
14 | (b) Application must be made each year during the | ||||||||||||||||||||||||
15 | application period in effect for the county in which the | ||||||||||||||||||||||||
16 | residence is located. The assessor or chief county assessment | ||||||||||||||||||||||||
17 | officer may determine the eligibility of residential property | ||||||||||||||||||||||||
18 | to receive the homestead exemption provided by this Section by | ||||||||||||||||||||||||
19 | application, visual inspection, questionnaire, or other | ||||||||||||||||||||||||
20 | reasonable methods. The determination must be made in | ||||||||||||||||||||||||
21 | accordance with guidelines established by the Department. | ||||||||||||||||||||||||
22 | (c) The exemption under this Section is in addition to any | ||||||||||||||||||||||||
23 | other homestead exemption provided in this Article 15. |
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1 | Notwithstanding Sections 6 and 8 of the State Mandates Act, no | ||||||
2 | reimbursement by the State is required for the implementation | ||||||
3 | of any mandate created by this Section. | ||||||
4 | (d) As used in this Section, "veteran" means a person who | ||||||
5 | has served as a member of the United States Armed Forces, a | ||||||
6 | member of the Illinois National Guard, or a member of the | ||||||
7 | United States Reserve Forces.
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