Bill > HB1027

This bill amends the Property Tax Code to modify the homestead exemption for veterans with disabilities by changing the rules for surviving spouses. Currently, a surviving spouse loses the property tax exemption if they remarry. Starting in the 2025 tax year, the bill allows a deceased veteran's surviving spouse to continue receiving the homestead exemption even if they remarry, as long as they hold legal or beneficial title to the property and permanently reside there. The exemption is specifically for property owned by veterans with service-connected disabilities, with varying levels of exemption based on the disability rating (ranging from 30% to 100%). The bill expands the definition of "surviving spouse" to include more categories of veterans' widows and widowers, such as those whose spouse was killed in the line of duty or had a service-connected death. This change aims to provide continued property tax relief for the surviving spouses of disabled veterans, regardless of their marital status, acknowledging their sacrifice and supporting their housing stability.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1027&GAID=18&DocTypeID=HB&SessionID=114&GA=104