Bill > SB2871

This bill makes permanent a provision that allows the chief county assessment officer, who is responsible for assessing property values for tax purposes, to renew the homestead exemption for persons with disabilities without requiring an annual application. The homestead exemption is a reduction in property taxes for individuals who meet certain disability criteria and occupy the property as their primary residence. Previously, this renewal without annual application was only allowed for taxable years 2022 through 2027 in certain counties or if authorized by local ordinance, but this bill removes that time limitation, making it a permanent option. The bill also specifies that this automatic renewal will not occur if the disability is not expected to last for at least 12 months, if the exemption was previously deemed erroneous, or if the claimant has reported they are no longer eligible. The bill takes effect immediately upon becoming law.

Budget and Finance

https://www.ilga.gov/Legislation/BillStatus?DocNum=2871&GAID=18&DocTypeID=SB&SessionID=114&GA=104