IL SB3044

Amends the Property Tax Code to allow surviving spouses of veterans with disabilities to receive homestead exemptions if the veteran's application was pending at the time of death.

If a veteran dies during the review process for the homestead exemption, the application continues and any approved exemption carries over to the surviving spouse if they meet carryover requirements.

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

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

Takes effect immediately upon becoming law.