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Bill > SB1862


IL SB1862

IL SB1862
PROP TX-VETERANS-WWII


summary

Introduced
02/09/2023
In Committee
03/10/2023
Crossed Over
Passed
Dead
01/08/2025

Introduced Session

103rd General Assembly

Bill Summary

Amends the Property Tax Code. In provisions granting a homestead exemption to veterans with disabilities, provides that property that is used as a qualified residence by a veteran who was a member of the United States Armed Forces during World War II is exempt from taxation regardless of the veteran's level of disability. Provides that a veteran who qualifies as a result of his or her service in World War II need not reapply for the exemption. Effective immediately.

AI Summary

This bill amends the Property Tax Code to provide a homestead exemption from property taxes for veterans who were members of the United States Armed Forces during World War II, regardless of their level of disability. It also allows these veterans to receive the exemption without needing to reapply annually. The bill takes effect immediately upon becoming law.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Session Sine Die (on 01/07/2025)

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