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| | SB3389 Engrossed | | LRB097 19745 HLH 65005 b |
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| 1 | | AN ACT concerning revenue.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Property Tax Code is amended by changing |
| 5 | | Section 15-165 as follows:
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| 6 | | (35 ILCS 200/15-165)
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| 7 | | Sec. 15-165. Disabled veterans. Property up to an equalized |
| 8 | | assessed value of $70,000,
owned and used exclusively by a |
| 9 | | disabled veteran, or the spouse or unmarried
surviving spouse |
| 10 | | of the veteran, as a home, is exempt. As used in this
Section, |
| 11 | | a disabled veteran means: (i) for tax years before 2011, a |
| 12 | | person who has served in the Armed Forces
of the United States |
| 13 | | and whose disability is of such a nature that the Federal
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| 14 | | Government has authorized payment for purchase or construction |
| 15 | | of Specially
Adapted Housing as set forth in the United States |
| 16 | | Code, Title 38, Chapter 21,
Section 2101; and (ii) for taxable |
| 17 | | years 2011 and later, a person who has served in the Armed |
| 18 | | Forces
of the United States with a service-connected disability |
| 19 | | of at least 70% as certified by the United States Department of |
| 20 | | Veterans Affairs.
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| 21 | | The exemption applies to housing where Federal funds have |
| 22 | | been used to
purchase or construct special adaptations to suit |
| 23 | | the veteran's disability.
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| | SB3389 Engrossed | - 2 - | LRB097 19745 HLH 65005 b |
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| 1 | | The exemption also applies to housing that is specially |
| 2 | | adapted to suit the
veteran's disability, and purchased |
| 3 | | entirely or in part by the proceeds of a
sale, casualty loss |
| 4 | | reimbursement, or other transfer of a home for which the
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| 5 | | Federal Government had previously authorized payment for |
| 6 | | purchase or
construction as Specially Adapted Housing.
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| 7 | | However, the entire proceeds of the sale, casualty loss |
| 8 | | reimbursement, or
other transfer of that housing shall be |
| 9 | | applied to the acquisition of
subsequent specially adapted |
| 10 | | housing to the extent that the proceeds equal the
purchase |
| 11 | | price of the subsequently acquired housing.
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| 12 | | For purposes of this Section, "unmarried surviving spouse" |
| 13 | | means the
surviving spouse of the veteran at any time after the |
| 14 | | death of the veteran
during which such surviving spouse is not |
| 15 | | married.
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| 16 | | This exemption must be reestablished on an annual basis by
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| 17 | | certification from the Illinois Department of Veterans' |
| 18 | | Affairs to the
Department, which shall forward a copy of the |
| 19 | | certification to local
assessing officials.
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| 20 | | A taxpayer who claims an exemption under Section 15-168 or |
| 21 | | 15-169 may not claim an exemption under this Section.
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| 22 | | Notwithstanding Sections 6 and 8 of the State Mandates Act, |
| 23 | | no reimbursement by the State is required for the |
| 24 | | implementation of any mandate created by this amendatory Act of |
| 25 | | the 97th General Assembly. |
| 26 | | (Source: P.A. 94-310, eff. 7-25-05; 95-644, eff. 10-12-07.)
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