Bill > HB3136

This bill amends the Property Tax Code to expand homestead exemptions for veterans with disabilities and World War II veterans by allowing the exemption to apply to properties owned by an immediate family caregiver who resides full-time with the veteran. The bill defines "immediate family" as a parent, spouse, sibling, or child of the veteran, and "immediate family caregiver" as a family member who provides ongoing assistance with daily living activities. Specifically, the bill ensures that if a veteran with a disability or a World War II veteran lives full-time with an immediate family caregiver, and that caregiver owns the property, the property can still qualify for the homestead tax exemption. This change means that veterans who may not own their own home can still benefit from property tax relief if they live with a family member who supports their daily needs. The exemption amounts vary based on the veteran's disability rating, with more severely disabled veterans receiving greater tax relief, and World War II veterans receiving full property tax exemption starting in 2024, regardless of disability level.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3136&GAID=18&DocTypeID=HB&SessionID=114&GA=104