IL HB3136

Expands eligibility for the homestead exemption for veterans with disabilities and World War II veterans to include property owned by an immediate family caregiver who resides full-time with the veteran, even if the veteran has no ownership interest in the property

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

Defines "immediate family caregiver" as an immediate family member who provides ongoing assistance with one or more activities of daily living to the veteran

Amends Section 15-169 of the Property Tax Code, which currently provides exemptions ranging from $2,500 to full exemption depending on disability rating (30-49% = $2,500; 50-69% = $5,000; 70%+ = first $250,000 exempt; World War II veterans = fully exempt)