IL HB5096

Amends the Property Tax Code to extend the homestead exemption for veterans with disabilities to surviving immediate family members who served as the veteran's caregiver, effective upon the veteran's death on or after the bill's effective date.

Requires three conditions for the exemption to transfer: the immediate family member must have resided with and served as the veteran's caregiver before death, been designated as caregiver on the veteran's most recent exemption application, and continue using the residence as their primary residence.

Defines "immediate family member" as the parent, sibling, or child of the veteran with a disability.

Maintains existing exemption amounts based on disability rating (30-50% = $2,500; 50-70% = $5,000; 70% or more = full exemption) and preserves the surviving spouse exemption provisions.

Allows county assessment officers to approve exemptions without annual reapplication for veterans with a 100% combined service-connected disability rating deemed permanently and totally disabled as of May 23, 2022.