IL SB2774

Removes the annual reapplication requirement for veterans with disabilities who receive a homestead property tax exemption under Illinois law.

Exemption amounts remain based on disability rating: $2,500 for 30-49% disability, $5,000 for 50-69% disability, and full exemption for 70% or higher disability (taxable years 2015 and later).

Exemption continues to apply if the qualifying veteran moves to a nursing home or VA facility, as long as the spouse occupies the property or the residence remains unoccupied and owned by the veteran.

Takes effect January 1, 2021.