Illinois Senate Bill 2700

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Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 10 2024 - 25% progression
Action: 2024-05-03 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Property Tax Code. In provisions concerning the homestead exemption for veterans with disabilities, provides that the exemption applies to all real property that is the primary residence of a veteran with a disability (currently, property with an equalized assessed value of less than $250,000 that is the primary residence of a veteran with a disability). Provides that, with respect to veterans with a service connected disability of 70% or more and surviving spouses of veterans whose deaths were service-connected, the first $250,000 in equalized assessed value of the property is exempt.

PROP-TX-DISABLED VETERAN

Sen. Julie Morrison [D]

Sen. Michael Halpin [D]

Sen. Jil Tracy [R]

Date	Chamber	Action
2024-05-03	Senate	Rule 3-9(a) / Re-referred to Assignments
2024-04-05	Senate	Rule 2-10 Committee Deadline Established As May 3, 2024
2024-03-15	Senate	Rule 2-10 Committee Deadline Established As April 5, 2024
2024-03-14	Senate	Added as Co-Sponsor Sen. Jil Tracy
2024-03-14	Senate	Added as Co-Sponsor Sen. Michael W. Halpin
2024-01-31	Senate	Assigned to Revenue
2024-01-10	Senate	Referred to Assignments
2024-01-10	Senate	First Reading
2024-01-10	Senate	Filed with Secretary by Sen. Julie A. Morrison

Chapter	Article	Section	Citation Type	Statute Text
35	200	15-169	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2700&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB2700.htm