Replaces everything after the enacting clause. Amends the Property Tax Code. Creates an assessment freeze homestead exemption for persons receiving federal Supplemental Security Income. Provides that the maximum amount of the senior citizens homestead exemption shall be $6,000 (currently, $5,000). Provides that the maximum amount of the general homestead exemption is $8,000 in all counties (currently, $7,000 in counties with 3,000,000 or more inhabitants and $6,000 in all other counties). Provides that the standard homestead exemption for veterans with disabilities also applies to veterans who are 75 years of age or older, and makes changes concerning the minimum level of disability and the definition of "surviving spouse". Creates a statewide long-time occupant homestead exemption. Amends the Senior Citizens Real Estate Tax Deferral Act. Provides that, for the 2017 assessment year and thereafter, the total amount of the deferral under the Act shall not exceed $6,000 (currently, $5,000) per taxpayer in each tax year. Effective immediately.
House Floor Amendment No. 2 Provides that a person who receives an assessment freeze for persons receiving Supplemental Security Income may not also receive the senior citizens assessment freeze homestead exemption or the long-time occupant homestead exemption for the same tax year. Provides that a person who receives a statewide long-time occupant homestead exemption may not also receive the long-time occupant homestead exemption in the same tax year.
Replaces everything after the enacting clause. Amends the Illinois Enterprise Zone Act. Provides that the presence of an inactive nuclear powered electrical generation facility where spent nuclear fuel is stored on-site is a qualifying factor for a potential enterprise zone. Effective immediately.