HB1334

Illinois HB1334 amends the Property Tax Code to grant an annual homestead exemption to persons with disabilities.

Illinois HB1334 amends the Property Tax Code to provide an annual homestead exemption for persons with disabilities. This exemption applies to properties occupied as the primary residence by a person with a disability, who must also be liable for paying the real estate taxes on the property. The exemption amount is $2,000, except for cooperative or life care facility properties, where the exemption is credited to the apportionment of taxes.