IL HB5064

Amends the Property Tax Code to change the disabled veterans exemption reestablishment requirement from annually to every 2 years under Section 15-165.

Modifies Section 15-169 to require disabled veterans standard homestead exemption reapplication every 2 years instead of annually.

Applies to properties with assessed values up to $70,000 owned by disabled veterans or their unmarried surviving spouses used as primary residences.

Homestead exemption amounts remain $5,000 for veterans with 70% or higher service-connected disability rating and $2,500 for those with 50-69% disability rating.

Takes effect immediately upon becoming law.