IL HB2809

Amends the Property Tax Code to expand homestead exemptions for veterans with disabilities beginning in taxable year 2026

Veterans with 30-49% service-connected disability would receive an exemption equal to 30% of their property's assessed value (currently a flat $2,500 exemption)

Veterans with 50-69% service-connected disability would receive an exemption equal to 50% of their property's assessed value (currently a flat $5,000 exemption)

Veterans with 70% or greater service-connected disability would have their property fully exempt from taxation, continuing current law

Takes effect immediately upon becoming law