Full Text of SB1530 103rd General Assembly
SB1530 103RD GENERAL ASSEMBLY |
| | 103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024 SB1530 Introduced 2/8/2023, by Sen. Dale Fowler SYNOPSIS AS INTRODUCED: |
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Amends the Property Tax Code. Creates a homestead exemption in the amount of a reduction of $5,000 from the equalized assessed value of property of the surviving spouse of a police officer or firefighter who is killed in the line of duty. Effective immediately.
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| | A BILL FOR |
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| 1 | | AN ACT concerning revenue.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Property Tax Code is amended by adding | 5 | | Section 15-169.1 as follows: | 6 | | (35 ILCS 200/15-169.1 new) | 7 | | Sec. 15-169.1. Homestead exemption for surviving spouse of | 8 | | a police officer or firefighter. | 9 | | (a) Beginning with taxable year 2024, an annual homestead | 10 | | exemption, limited to a reduction of $5,000 from the equalized | 11 | | assessed value of the property, is granted for property that | 12 | | is used as a qualified residence by the surviving spouse of a | 13 | | police officer or firefighter who is killed in the line of duty | 14 | | on or after January 1, 2024, as long as the spouse holds the | 15 | | legal or
beneficial title to the homestead, permanently | 16 | | resides
thereon, and does not remarry. If the surviving spouse | 17 | | sells
the property, an exemption not to exceed the amount | 18 | | granted
from the most recent ad valorem tax roll may be | 19 | | transferred to
his or her new residence as long as it is used | 20 | | as his or her
primary residence and he or she does not remarry. | 21 | | (b) If a homestead exemption is granted under this | 22 | | Section, and the qualifying surviving spouse subsequently | 23 | | becomes a resident of a facility licensed under the Nursing |
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| 1 | | Home Care Act or a facility operated by the United States | 2 | | Department of Veterans Affairs, then the exemption shall | 3 | | continue so long as the residence remains unoccupied but is | 4 | | still owned by the person who qualified for the homestead | 5 | | exemption. | 6 | | (c) Each taxpayer who has been granted an exemption under | 7 | | this Section must reapply on an annual basis. Application must | 8 | | be made during the application period
in effect for the county | 9 | | of his or her residence. The assessor
or chief county | 10 | | assessment officer may determine the
eligibility of | 11 | | residential property to receive the homestead
exemption | 12 | | provided by this Section by application, visual
inspection, | 13 | | questionnaire, or other reasonable methods. The
determination | 14 | | must be made in accordance with guidelines
established by the | 15 | | Department. | 16 | | (d) As used in this Section: | 17 | | "Firefighter" means: (i) a person who is a "firefighter" | 18 | | or "fireman" as defined
in Sections 4-106 or 6-106 of the | 19 | | Illinois Pension Code; (ii) a paramedic employed by a unit of | 20 | | local government; or (iii) an EMT, emergency medical | 21 | | technician-intermediate (EMT-I), or advanced emergency medical | 22 | | technician (A-EMT) employed by a unit of local government. | 23 | | "Police officer" means: a policeman, as defined in Section | 24 | | 10-3-1 of the Illinois Municipal Code; a conservation police | 25 | | officer; a sheriff or deputy sheriff; or a law enforcement | 26 | | officer employed by the State Police, the Secretary of State, |
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| 1 | | or any other State agency, college, or university. | 2 | | "Qualified residence" means real
property, but less any | 3 | | portion of that property that is used for
commercial purposes, | 4 | | with an equalized assessed value of less than $250,000 that is | 5 | | owned and occupied as the primary residence of the surviving | 6 | | spouse of a police officer or firefighter killed in the line of | 7 | | duty, if that spouse is liable for paying real estate taxes on | 8 | | the property and is an owner of record of the property or has a | 9 | | legal or equitable interest therein, as evidenced by a written | 10 | | instrument. In the case of a leasehold interest in the | 11 | | property, the lease must be for a single family residence. | 12 | | Property rented for more than 6 months is
presumed to be used | 13 | | for commercial purposes.
| 14 | | Section 99. Effective date. This Act takes effect upon | 15 | | becoming law.
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