HB0417 Summary

• Extends the Senior Citizens Assessment Freeze Homestead Exemption to persons with a disability, effective for taxable year 2017 and thereafter.

• Defines "person with a disability" as someone unable to engage in substantial gainful activity due to a medically determinable physical or mental impairment expected to last at least 12 months or result in death; proof includes Social Security disability benefits eligibility or Illinois Person with a Disability Identification Card (Class 2 disability).

• Requires persons with a disability applying for the exemption to submit proof of disability to the chief county assessment officer and meet existing income limitations ($55,000 maximum household income as of 2008 and thereafter).

• Updates Property Tax Code references throughout to include persons with a disability alongside senior citizens in homestead exemption provisions, including application procedures and exemption calculations.

• Amends the State Mandates Act to confirm that no state reimbursement is required for implementing this exemption mandate; effective immediately upon enactment.