IL HB5325

Property used for community-integrated living arrangements (CILAs) qualifies for a reduction in equalized assessed value of $2,000 multiplied by the number of occupants using the arrangement as their primary residence, beginning in taxable year 2027.

For-profit CILAs must meet additional conditions: property must be owned by a resident, family member of a resident, or an LLC with such a member; must house at least one non-family resident; must be licensed under the CILA Licensure and Certification Act; and the owner cannot own another CILA.

Persons with disabilities can qualify for the existing $2,000 homestead exemption for persons with disabilities even if they do not own the property or pay property taxes, as long as a family member meets those requirements, beginning in taxable year 2027.

"Family member" is defined broadly to include spouses, civil union partners, parents, children, grandparents, siblings, aunts, uncles, nieces, nephews, first cousins, and their step-relatives.

The bill takes effect immediately upon becoming law.