SB 1235 Summary

• Modifies the poverty-based property tax exemption (Section 7u) to allow single applicants instead of multiple persons, and clarifies language regarding tax collection eligibility.

• Enables the board of review to grant exemptions for either the current tax year or the immediately preceding tax year if the applicant meets eligibility requirements in both years.

• Requires local assessing units to publish poverty exemption policies, guidelines, and application materials on their government websites, and requires the Department of Treasury to provide taxpayer information and educational resources on its website.

• Mandates that assessment notices for residential property include notification about the annual Section 7u exemption application requirement, including explanation of grounds, due date, and information on how to obtain further details and application materials.

• Makes technical corrections throughout, replacing "shall" with "must" and updating references to federal poverty guidelines authority under 42 USC 9902.