IL HB4119

Extends the Senior Citizens Assessment Freeze Homestead Exemption to disabled persons beginning in taxable year 2015, with the same income limitations and assessment freeze protections previously available only to seniors age 65 and older.

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, with acceptable proof including Social Security disability benefits or Illinois Disabled Person Identification Card (Class 2 disability).

Updates the Property Tax Code and State Mandates Act to reflect that disabled persons can now apply for the assessment freeze exemption, general homestead exemption, and other homestead exemptions on the same basis as senior citizens.

Maintains maximum household income limitation of $55,000 for disabled persons applying for the assessment freeze exemption, matching the current senior citizen limitation established for taxable year 2008 and thereafter.

Makes conforming changes throughout property tax provisions to include disabled persons in survivor exemption provisions and cooperative housing provisions previously limited to senior citizens.