HB3714 Summary

• Amends the Property Tax Code Section 15-170 regarding senior citizens homestead exemptions in counties with less than 3,000,000 inhabitants.

• Changes reapplication requirement from optional (county board discretionary) to mandatory exemption: persons who have been granted the exemption need not reapply for it.

• Removes the provision allowing assessors to require annual reapplication for verification of eligibility in counties with less than 3,000,000 inhabitants.

• Takes effect immediately upon becoming law.