IL SB0099

Expands eligibility for the $250,000 homestead property tax exemption for surviving spouses of veterans by changing "and" to "or" in the qualifying criteria

Allows surviving spouses to qualify if the veteran's death was determined to be service-connected OR if the spouse receives VA dependency or indemnity compensation (previously both conditions were required)

Clarifies that eligibility is determined as of the date the exemption application is submitted for the applicable taxable year

Amends Section 15-169 of the Property Tax Code concerning homestead exemptions for veterans with disabilities and World War II veterans

Takes effect immediately upon becoming law