IL HB0430

Amends the Property Tax Code Section 15-169 to allow homestead exemption applications for veterans with disabilities to continue even after the veteran's death, with any approved exemption carrying over to the surviving spouse.

The surviving spouse becomes eligible for the exemption carryover if they meet the requirements of subsection (c): holding legal or beneficial title to the homestead, permanently residing there, and not remarrying.

If the surviving spouse sells the property, they may transfer an exemption amount (not to exceed the most recent ad valorem tax roll amount) to a new primary residence, provided they do not remarry.

Effective immediately upon becoming law.