Illinois HB1308 amends the Property Tax Code to provide homestead exemptions for veterans with disabilities and World War II veterans.
HB1308 amends the Property Tax Code to provide homestead exemptions for veterans with disabilities and World War II veterans. For taxable years 2007 and later, the bill grants an annual homestead exemption for veterans with service-connected disabilities, with the exemption amount varying based on the disability rating. Beginning in 2024, veterans who served in World War II are also eligible for an annual homestead exemption. The exemption applies to the veteran's primary residence, with specific provisions for surviving spouses and those who become residents of certain facilities.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.