IL HB0368

Amends the Property Tax Code to extend the homestead exemption for veterans with disabilities to surviving spouses who relocate to Illinois after the veteran's death, even if the veteran lived outside the state at the time of death

Surviving spouse must meet existing requirements: hold legal or beneficial title to the homestead, permanently reside there, and not remarry to maintain the exemption

Current exemption amounts based on disability rating: $2,500 for 30-49% disability, $5,000 for 50-69% disability, and full property tax exemption for 70% or greater disability

Applies to qualified residences with equalized assessed value under $250,000 that serve as the primary residence

Takes effect immediately upon becoming law