HB2775 Summary

• Expands the Senior Citizens Assessment Freeze Homestead Exemption to include persons with a disability, beginning in taxable year 2019.

• 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; includes those receiving federal Social Security disability benefits or holding an Illinois Class 2 disability identification card.

• Amends the State Mandates Act to clarify that no state reimbursement is required for implementation of the Senior Citizens and Persons with a Disability Assessment Freeze Homestead Exemption.

• Makes conforming changes to the Property Tax Code to reference persons with disabilities throughout homestead exemption provisions, including application procedures and income limitations.

• Becomes effective immediately upon passage.