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Bill > HB0313


IL HB0313

IL HB0313
PROP TX-SENIORS W/DISABILITIES


summary

Introduced
01/27/2021
In Committee
03/27/2021
Crossed Over
Passed
Dead
04/08/2022

Introduced Session

102nd General Assembly

Bill Summary

Amends the Property Tax Code. With respect to the homestead exemption for persons with disabilities, provides that the property is exempt from taxation if the person with a disability is 55 years of age or older at any point during the taxable year.

AI Summary

This bill amends the Property Tax Code to provide that, starting in 2021, property owned by a person with a disability who is 55 years of age or older at any point during the taxable year is exempt from taxation, regardless of the person's disability status. Previously, the homestead exemption for persons with disabilities was available only if the person was disabled, regardless of their age. The bill maintains the existing requirements for the homestead exemption, such as the property being the person's primary residence and the person being liable for paying the property taxes.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

Rule 19(a) / Re-referred to Rules Committee (on 03/27/2021)

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