IL HB0313

Amends the Property Tax Code Section 15-168 regarding homestead exemptions for persons with disabilities.

For taxable years 2021 and thereafter, persons with disabilities who are 55 years of age or older at any point during the taxable year receive a full property tax exemption instead of the standard $2,000 exemption.

Requires the person with a disability to occupy the property as their primary residence, be liable for real estate taxes, and own the property or have a legal/equitable interest in it.

Allows county assessment officers to approve exemptions for the 2020 taxable year without application for properties previously approved in 2019, if a local disaster was declared related to the COVID-19 public health emergency and the owner remained the same.

Prohibits taxpayers claiming exemptions under other homestead provisions (Sections 15-165 or 15-169) from also claiming this disability-related exemption.