103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB3463

 

Introduced 2/17/2023, by Rep. Tim Ozinga

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/15-165

    Amends the Property Tax Code. In provisions concerning an exemption for veterans with disabilities who qualify for Specially Adapted Housing, increases the maximum assessed value of the property from $100,000 to $150,000. Effective immediately.


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A BILL FOR

 

HB3463LRB103 28558 HLH 54939 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 15-165 as follows:
 
6    (35 ILCS 200/15-165)
7    Sec. 15-165. Veterans with disabilities. Property up to an
8assessed value of (i) $100,000 for tax years before 2024 and
9(ii) $150,000 for tax year 2024 and thereafter, owned and used
10exclusively by a veteran with a disability, or the spouse or
11unmarried surviving spouse of the veteran, as a home, is
12exempt. As used in this Section, a "veteran with a disability"
13means a person who has served in the Armed Forces of the United
14States and whose disability is of such a nature that the
15Federal Government has authorized payment for purchase or
16construction of Specially Adapted Housing as set forth in the
17United States Code, Title 38, Chapter 21, Section 2101.
18    The exemption applies to housing where Federal funds have
19been used to purchase or construct special adaptations to suit
20the veteran's disability.
21    The exemption also applies to housing that is specially
22adapted to suit the veteran's disability, and purchased
23entirely or in part by the proceeds of a sale, casualty loss

 

 

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1reimbursement, or other transfer of a home for which the
2Federal Government had previously authorized payment for
3purchase or construction as Specially Adapted Housing.
4    However, the entire proceeds of the sale, casualty loss
5reimbursement, or other transfer of that housing shall be
6applied to the acquisition of subsequent specially adapted
7housing to the extent that the proceeds equal the purchase
8price of the subsequently acquired housing.
9    Beginning with the 2015 tax year, the exemption also
10applies to housing that is specifically constructed or adapted
11to suit a qualifying veteran's disability if the housing or
12adaptations are donated by a charitable organization, the
13veteran has been approved to receive funds for the purchase or
14construction of Specially Adapted Housing under Title 38,
15Chapter 21, Section 2101 of the United States Code, and the
16home has been inspected and certified by a licensed home
17inspector to be in compliance with applicable standards set
18forth in U.S. Department of Veterans Affairs, Veterans
19Benefits Administration Pamphlet 26-13 Handbook for Design of
20Specially Adapted Housing.
21    For purposes of this Section, "charitable organization"
22means any benevolent, philanthropic, patriotic, or
23eleemosynary entity that solicits and collects funds for
24charitable purposes and includes each local, county, or area
25division of that charitable organization.
26    For purposes of this Section, "unmarried surviving spouse"

 

 

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1means the surviving spouse of the veteran at any time after the
2death of the veteran during which such surviving spouse is not
3married.
4    This exemption must be reestablished on an annual basis by
5certification from the Illinois Department of Veterans'
6Affairs to the Department, which shall forward a copy of the
7certification to local assessing officials.
8    A taxpayer who claims an exemption under Section 15-168 or
915-169 may not claim an exemption under this Section.
10(Source: P.A. 98-1145, eff. 12-30-14; 99-143, eff. 7-27-15.)
 
11    Section 99. Effective date. This Act takes effect upon
12becoming law.