Bill > SB2750

This bill amends the Property Tax Code to create a new homestead exemption for surviving spouses of law enforcement officers killed in the line of duty, effective for taxable year 2026 and beyond. This exemption applies to property used as a qualified residence by the surviving spouse, meaning it's their primary home, has an equalized assessed value under $250,000, and is not used for commercial purposes. "Killed in the line of duty" is defined as losing one's life from an injury sustained while actively performing duties as a law enforcement officer, which includes peace officers like police officers, state troopers, or county sheriffs and their deputies. The exemption will continue even if the surviving spouse moves to a licensed nursing home or similar facility, as long as they still own the residence and it remains unoccupied. However, taxpayers must reapply for this exemption annually, and eligibility will be determined by the assessor through methods like applications, inspections, or questionnaires, following guidelines from the Department.

Budget and Finance

https://www.ilga.gov/Legislation/BillStatus?DocNum=2750&GAID=18&DocTypeID=SB&SessionID=114&GA=104