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IL HB3015

Bill

Official Source

Status

Introduced

2/15/2019

Primary Sponsor

Frances Hurley

Click for details

Origin

House of Representatives

101st General Assembly

AI Summary

  • Creates a new annual homestead property tax exemption for parents of veterans killed in the line of duty on or after January 1, 2019
  • Exemption limits the reduction in equalized assessed value to a maximum of $10,000 per property
  • Applies to property owned and occupied as the principal residence of the veteran's parent or parents, beginning in tax year 2019
  • Requires annual application during the county's application period, with assessors determining eligibility through application, inspection, questionnaire, or other reasonable methods
  • Exemption is cumulative with other homestead exemptions and exempts the state from reimbursement obligations under the State Mandates Act

Legislative Description

PROP TX-HOMESTEAD-VETERAN

Last Action

Rule 19(a) / Re-referred to Rules Committee

3/29/2019

Committee Referrals

Rules3/29/2019
Property Tax3/6/2019
Revenue & Finance2/26/2019
Rules2/15/2019

Full Bill Text

No bill text available