IL SB0151

Expands the definition of "surviving spouse" eligible for the homestead exemption for veterans with disabilities to include: spouses of veterans who qualified for the exemption before death, spouses of veterans killed in the line of duty in the current or any preceding taxable year, and spouses of veterans who would have qualified but died before obtaining the exemption.

Allows surviving spouses to continue receiving the homestead exemption as long as they hold legal or beneficial title to the homestead, permanently reside there, and do not remarry.

Permits surviving spouses who sell the property to transfer an exemption amount equal to the most recent ad valorem tax roll to a new primary residence, provided they do not remarry.

Takes effect immediately upon becoming law.