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IL HB3195

Bill

Official Source

Status

Failed

1/8/2019

Primary Sponsor

Christine Winger

Click for details

Origin

House of Representatives

100th General Assembly

AI Summary

  • Amends the Property Tax Code to allow veterans who returned from armed conflicts before 2007 to receive a returning veterans' homestead exemption for taxable years 2017 and 2018.

  • Provides a $5,000 property value reduction for eligible veterans who own and occupy their principal residence in Illinois.

  • Applies to veterans who served in the United States Armed Forces, Illinois National Guard, or United States Reserve Forces and meet other exemption requirements.

  • Exemption is stackable with other homestead exemptions available under Illinois property tax law.

  • Takes effect immediately upon becoming law.

Legislative Description

PROP TX-VETERANS

Last Action

Session Sine Die

1/8/2019

Committee Referrals

Rules3/31/2017
Property Tax3/9/2017
Revenue & Finance2/22/2017
Rules2/9/2017

Full Bill Text

No bill text available