summary
Introduced
01/09/2025
01/09/2025
In Committee
03/21/2025
03/21/2025
Crossed Over
Passed
Dead
Introduced Session
104th General Assembly
Bill Summary
Amends the Property Tax Code. Provides that, for taxable year 2025 and thereafter, the homestead exemption for veterans with disabilities carries over to the benefit of a deceased veteran's remarried surviving spouse as long as the surviving spouse holds the legal or beneficial title to the property and permanently resides on the property (currently, the surviving spouse is not eligible for the exemption if the spouse remarries). Effective immediately.
AI Summary
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.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Rule 19(a) / Re-referred to Rules Committee (on 03/21/2025)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1027&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
BillText | https://www.ilga.gov/legislation/104/HB/10400HB1027.htm |
Loading...