IL HB5813

Amends the disabled veterans standard homestead exemption in the Property Tax Code, effective for taxable years 2014 and thereafter.

Provides full property tax exemption for disabled veterans with a service-connected disability of 30% or more, as certified by the U.S. Department of Veterans Affairs.

Maintains prior exemption amounts for taxable years before 2014: $5,000 annual exemption for veterans with 70% or greater disability and $2,500 for those with 50-69% disability.

Exemption continues for surviving spouses who remain in the home and do not remarry, and may transfer to a new primary residence if the spouse sells the property.

Takes effect immediately upon becoming law.