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Bill > SB2559


IL SB2559

IL SB2559
PROP TX-SURVIVING SPOUSE


summary

Introduced
02/26/2021
In Committee
04/16/2021
Crossed Over
Passed
Dead
04/08/2022

Introduced Session

102nd General Assembly

Bill Summary

Amends the Property Tax Code. Provides that, for the 2015 taxable year and thereafter, the exemption for veterans with disabilities also carries over to the surviving spouse of a veteran who was killed in the line of duty in the current taxable year or any preceding taxable year. Provides that, for the 2021 taxable year and thereafter, the exemption for veterans with disabilities also carries over to (i) the surviving spouse of a veteran who did not obtain the exemption before death, but who would have qualified for the exemption in the current taxable year if he or she had survived and (ii) the surviving spouse of a veteran whose death was determined to be service-connected and who is certified by the United States Department of Veterans Affairs as being a current recipient of Dependency and Indemnity Compensation. Provides that, in the case of a surviving spouse who is certified by the United States Department of Veterans Affairs as being a current recipient of Dependency and Indemnity Compensation, the property is exempt. Effective immediately.

AI Summary

This bill amends the Property Tax Code to provide that, for the 2015 taxable year and thereafter, the exemption for veterans with disabilities also carries over to the surviving spouse of a veteran who was killed in the line of duty. For the 2021 taxable year and thereafter, the exemption also carries over to the surviving spouse of a veteran who did not obtain the exemption before death but would have qualified, as well as the surviving spouse of a veteran whose death was determined to be service-connected and who is certified as a current recipient of Dependency and Indemnity Compensation from the U.S. Department of Veterans Affairs. In the case of a surviving spouse certified as a current recipient of Dependency and Indemnity Compensation, the property is fully exempt from taxation.

Committee Categories

Budget and Finance

Sponsors (3)

Last Action

Chief Sponsor Changed to Sen. Don Harmon (on 12/31/2022)

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