IL HB5120

Extends property tax abatement eligibility for surviving spouses of fallen officers to include surviving spouses of military personnel killed in action or dying from combat-related wounds, disease, or injury.

Adds terrorist victims (as defined in Section 692 of the Internal Revenue Code) and astronauts whose death occurs in the line of duty to the categories of qualified decedents eligible for the abatement.

Maintains existing provisions allowing counties and municipalities to abate any percentage of taxes on qualified properties (single or two-family residences) occupied as principal residences by surviving spouses.

Continues to exclude deaths resulting from willful misconduct or abuse of alcohol or drugs.

Preserves requirements that surviving spouses remain unmarried and that qualified property was either owned at time of death or acquired within specified timeframes after the decedent's death.