Loading chat...

IL HB1048

Bill

Official Source

Status

Failed

1/7/2025

Primary Sponsor

LaShawn Ford

Click for details

Origin

House of Representatives

103rd General Assembly

AI Summary

  • Grants a full property tax exemption beginning in taxable year 2023 for veterans who served in the United States Armed Forces during World War II, regardless of disability level
  • Removes the annual reapplication requirement for World War II veterans who qualify for the exemption
  • Amends the existing homestead exemption for veterans with disabilities under the Property Tax Code (35 ILCS 200/15-169)
  • Applies to qualified residences with an equalized assessed value under $250,000 that serve as the veteran's primary residence
  • Takes effect immediately upon becoming law

Legislative Description

PROP TX-VETERANS-WWII

Last Action

Session Sine Die

1/7/2025

Committee Referrals

Rules3/10/2023
Property Tax3/9/2023
Revenue & Finance2/28/2023
Rules1/12/2023

Full Bill Text

No bill text available