FRANKS-FOWLER-FORBY AND REITZ.
35 ILCS 200/15-165
30 ILCS 805/8.25 new
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 2001 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.
FEB-23-2001 H FILED WITH CLERK
FEB-23-2001 H FIRST READING
FEB-23-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES
FEB-27-2001 H ASSIGNED TO COMMITTEE REVENUE
FEB-27-2001 H ADDED AS A JOINT SPONSOR FOWLER
FEB-27-2001 H ADDED AS A JOINT SPONSOR FORBY
MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL
MAR-26-2001 H ADDED AS A CO-SPONSOR REITZ
JAN-07-2003 H SESSION SINE DIE
END OF INQUIRY
Full Text Bill Summary