Bill > HB5325

This bill amends the Property Tax Code to provide tax relief for properties used as community-integrated living arrangements and for persons with disabilities. For community-integrated living arrangements, beginning in taxable year 2027, properties used exclusively for this purpose will receive a reduction in their equalized assessed value, which is the property's value for tax purposes, by $2,000 for each occupant who uses it as their primary residence, provided certain ownership and licensing conditions are met. A community-integrated living arrangement is a type of housing that supports individuals with disabilities in living within the community. Additionally, the bill modifies the homestead exemption for persons with disabilities, allowing a family member to qualify for the exemption on behalf of a disabled person even if the disabled person is not the owner of record or liable for property taxes, as long as the family member meets those criteria. This change also takes effect in taxable year 2027. The bill is effective immediately upon becoming law.

https://www.ilga.gov/Legislation/BillStatus?DocNum=5325&GAID=18&DocTypeID=HB&SessionID=114&GA=104