Bill > HB1115

This bill amends the Property Tax Code to provide a property tax exemption for Gold Star Parents, which are defined as natural or adoptive parents of a veteran who was killed in the line of duty. Beginning with the 2025 tax year, homestead property owned and used as a primary residence by a Gold Star Parent will be exempt from taxation, with the important caveat that this exemption is not available if the unmarried surviving spouse of the veteran is already receiving a similar exemption. To qualify, Gold Star Parents must reapply for the exemption annually during the county's designated application period, and the local assessor can verify eligibility through various methods such as applications, visual inspections, or questionnaires. The bill defines a veteran as someone who served on active duty in the United States Armed Forces, National Guard, or Reserve Forces. Importantly, the bill specifies that the state is not required to reimburse local governments for implementing this tax exemption. The legislation aims to provide financial relief to families who have lost a child in military service by reducing their property tax burden.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1115&GAID=18&DocTypeID=HB&SessionID=114&GA=104