100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB3195

 

Introduced 2/9/2017, by Rep. Christine Winger

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-167

    Amends the Property Tax Code. Provides that a veteran who (i) returned from an armed conflict involving the armed forces of the United States prior to 2007 and (ii) otherwise meets the requirements for a returning veterans' homestead exemption is entitled to a returning veterans' homestead exemption for the 2017 and 2018 taxable years. Effective immediately.


LRB100 05420 HLH 15431 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB3195LRB100 05420 HLH 15431 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 15-167 as follows:
 
6    (35 ILCS 200/15-167)
7    Sec. 15-167. Returning Veterans' Homestead Exemption.
8    (a) Beginning with taxable year 2007, a homestead
9exemption, limited to a reduction set forth under subsection
10(b), from the property's value, as equalized or assessed by the
11Department, is granted for property that is owned and occupied
12as the principal residence of a veteran returning from an armed
13conflict involving the armed forces of the United States who is
14liable for paying real estate taxes on the property and is an
15owner of record of the property or has a legal or equitable
16interest therein as evidenced by a written instrument, except
17for a leasehold interest, other than a leasehold interest of
18land on which a single family residence is located, which is
19occupied as the principal residence of a veteran returning from
20an armed conflict involving the armed forces of the United
21States who has an ownership interest therein, legal, equitable
22or as a lessee, and on which he or she is liable for the payment
23of property taxes. For purposes of the exemption under this

 

 

HB3195- 2 -LRB100 05420 HLH 15431 b

1Section, "veteran" means an Illinois resident who has served as
2a member of the United States Armed Forces, a member of the
3Illinois National Guard, or a member of the United States
4Reserve Forces.
5    (b) In all counties, the reduction is $5,000 for the
6taxable year in which the veteran returns from active duty in
7an armed conflict involving the armed forces of the United
8States; however, if the veteran first acquires his or her
9principal residence during the taxable year in which he or she
10returns, but after January 1 of that year, and if the property
11is owned and occupied by the veteran as a principal residence
12on January 1 of the next taxable year, he or she may apply the
13exemption for the next taxable year, and only the next taxable
14year, after he or she returns. Beginning in taxable year 2010,
15the reduction shall also be allowed for the taxable year after
16the taxable year in which the veteran returns from active duty
17in an armed conflict involving the armed forces of the United
18States. For land improved with an apartment building owned and
19operated as a cooperative, the maximum reduction from the value
20of the property, as equalized by the Department, must be
21multiplied by the number of apartments or units occupied by a
22veteran returning from an armed conflict involving the armed
23forces of the United States who is liable, by contract with the
24owner or owners of record, for paying property taxes on the
25property and is an owner of record of a legal or equitable
26interest in the cooperative apartment building, other than a

 

 

HB3195- 3 -LRB100 05420 HLH 15431 b

1leasehold interest. In a cooperative where a homestead
2exemption has been granted, the cooperative association or the
3management firm of the cooperative or facility shall credit the
4savings resulting from that exemption only to the apportioned
5tax liability of the owner or resident who qualified for the
6exemption. Any person who willfully refuses to so credit the
7savings is guilty of a Class B misdemeanor.
8    (c) Application must be made during the application period
9in effect for the county of his or her residence. The assessor
10or chief county assessment officer may determine the
11eligibility of residential property to receive the homestead
12exemption provided by this Section by application, visual
13inspection, questionnaire, or other reasonable methods. The
14determination must be made in accordance with guidelines
15established by the Department.
16    (c-5) Notwithstanding any other provision of law, a veteran
17who (i) returned from an armed conflict involving the armed
18forces of the United States prior to 2007 and (ii) otherwise
19meets the requirements for an exemption under this Section is
20entitled to the reduction set forth in subsection (b) for the
212017 and 2018 taxable years.
22    (d) The exemption under this Section is in addition to any
23other homestead exemption provided in this Article 15.
24Notwithstanding Sections 6 and 8 of the State Mandates Act, no
25reimbursement by the State is required for the implementation
26of any mandate created by this Section.

 

 

HB3195- 4 -LRB100 05420 HLH 15431 b

1(Source: P.A. 96-1288, eff. 7-26-10; 96-1418, eff. 8-2-10;
297-333, eff. 8-12-11.)
 
3    Section 99. Effective date. This Act takes effect upon
4becoming law.