IL SB3403

Expands the Senior Citizens Assessment Freeze Homestead Exemption to include disabled persons, effective for disabled persons beginning in taxable year 2012.

Defines "disabled person" as someone unable to engage in substantial gainful activity due to a medically determinable physical or mental impairment expected to result in death or lasting at least 12 continuous months; proof includes federal Social Security disability benefits eligibility or Illinois Disabled Person Identification Card Class 2 disability designation.

Maintains existing income limitations for the exemption, with maximum household income of $55,000 in taxable year 2008 and thereafter for both senior citizens and disabled persons.

Exempts the mandate created by this bill from state reimbursement requirements under the State Mandates Act.

Takes effect upon becoming law.