IL HB2450

Amends the Property Tax Code Section 15-169 to exempt veterans with a 100% service-connected disability from reapplying annually for the homestead exemption for veterans with disabilities.

Veterans with 100% service-connected disability and their surviving spouses who qualify under subsection (c) only need to apply once; the exemption continues indefinitely without annual reapplication.

All other veterans with disabilities below 100% rating must continue to reapply on an annual basis during the application period in their county of residence.

Existing exemption amounts remain unchanged: $2,500 for 30-50% disability, $5,000 for 50-70% disability, and full property tax exemption for 70% or more disability.

Takes effect immediately upon becoming law.