IL HB2344

Amends the Property Tax Code to add a new subsection (c-5) providing full property tax exemption for persons with disabilities eligible to receive federal Social Security disability benefits, effective for taxable year 2024 and beyond.

Maintains existing $2,000 homestead exemption for persons with disabilities who do not qualify for federal Social Security benefits, requiring proof through federal disability benefits, Illinois Person with a Disability Identification Card (Class 2), or medical examination.

Requires property to be occupied as primary residence by person with disability, who must be liable for property taxes and own or have legal/equitable interest in the property.

Allows homestead exemption to continue if person moves to licensed facility (nursing home, mental health facility, or other care facility) as long as spouse occupies residence or property remains unoccupied but still owned by qualifying person.

Effective immediately upon becoming law.