IL SB2709

Lowers the service-connected disability threshold for 100% property tax exemption from 70% to 60% for taxable years 2025 and thereafter.

Creates a new subsection (b-4) effective for taxable year 2025 establishing tiered exemptions: $2,500 for 30-50% disability, $5,000 for 50-60% disability, and 100% exemption for 60% or more disability.

Maintains current exemption structure through taxable year 2024 with 70% disability threshold for full exemption.

Extends full property tax exemption to surviving spouses of veterans whose death was service-connected and who receive dependency and indemnity compensation from the U.S. Department of Veterans Affairs.

Effective immediately upon enactment.