IL HB2378

Expands the homestead exemption for veterans with disabilities to surviving spouses of veterans killed in the line of duty, effective for taxable year 2015 and thereafter.

Beginning in taxable year 2021, extends the exemption to surviving spouses of veterans who would have qualified but did not obtain the exemption before death, and to surviving spouses receiving Dependency and Indemnity Compensation for service-connected deaths.

Allows exemption to transfer to a veteran's adult or minor child who receives Social Security disability or supplemental income benefits, if the veteran and surviving spouse are both deceased, the spouse remarries, or the spouse disclaims the exemption.

Surviving spouses receiving Dependency and Indemnity Compensation receive full property tax exemption under the highest disability tier (70% or more service-connected disability).

Effective immediately upon becoming law.