Illinois HB2520 amends the Property Tax Code to modify the Low-Income Senior Citizens Assessment Freeze Homestead Exemption.
HB2520 amends the Property Tax Code to adjust the Low-Income Senior Citizens Assessment Freeze Homestead Exemption. The bill modifies the definition of "household" to include only the applicant and their spouse. It also changes the exemption amount based on household income and county population size. The bill allows for the exemption to be granted to surviving spouses under certain conditions and provides for extensions in filing deadlines due to severe mental or physical conditions. It includes provisions for the assessment officer to verify eligibility and conduct audits.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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