HB0137 Summary

• Extends the Senior Citizens Assessment Freeze Homestead Exemption to include persons with a disability, effective for taxable year 2021 and thereafter.

• 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 result in death or last at least 12 months, with proof available through Social Security disability benefits or Illinois Person with a Disability Identification Card.

• Updates the Property Tax Code (Sections 9-275, 15-10, 15-172, and 15-175) and the State Mandates Act to reflect that persons with a disability are now eligible for the assessment freeze homestead exemption under the same conditions as senior citizens.

• Maintains existing income limitations ($65,000 maximum for taxable year 2017 and thereafter) and application procedures for the exemption.

• Takes effect immediately upon becoming law.