Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

35 ILCS 200/15-165

30 ILCS 805/8.27 new

Synopsis As Introduced
Amends the Property Tax Code. Changes the exemption for disabled veterans. The exemption now applies only to property up to an assessed value of $58,000 owned and used exclusively as a home by a disabled veteran found eligible for specially adapted housing by the federal government or the spouse or unmarried surviving spouse of the veteran. This amendatory Act provides that the exemption applies, for taxable years 2003 and thereafter, to the first $58,000 in assessed value of property owned and used exclusively by a disabled veteran, or the spouse or unmarried surviving spouse of the veteran, as a home. Provides that a disabled veteran is a person who served in the U.S. Armed Forces and (i) who was found 100% disabled and eligible for disabled veterans benefits or (ii) who was found disabled and eligible for Social Security Disability or SSI benefits. Amends the State Mandates Act to require implementation without reimbursement.

	Fiscal Note (Illinois Department of Revenue)
	Local governments would feel most of the impact, however, there would be some cost to the State. Because of the reduced EAV, the State would have to provide additional state aid to schools.

Actions 

Date	Chamber	Action
1/23/2003	House	Filed with the Clerk by Rep. Jack D. Franks
1/23/2003	House	First Reading
1/23/2003	House	Referred to Rules Committee
1/29/2003	House	Assigned to Revenue Committee
1/30/2003	House	Added Chief Co-Sponsor Rep. Mark H. Beaubien, Jr.
1/30/2003	House	Added Co-Sponsor Rep. Jack McGuire
2/11/2003	House	Fiscal Note Filed
2/19/2003	House	Added Chief Co-Sponsor Rep. Jay C. Hoffman
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
1/11/2005	House	Session Sine Die

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