Bill Title: Amends the Property Tax Code. Provides that, beginning in assessment year 2012, the disabled veterans standard homestead exemption shall be granted on a pro-rata basis if the property is first used as a qualified residence after January 1 of the assessment year. Provides that the amount of the pro-rata exemption is the amount of the annual exemption divided by 365 and multiplied by the number of days during the assessment year the property is occupied as a residence by a qualified disabled veteran. Provides that the chief county assessment officer must adopt reasonable procedures to establish eligibility for this pro-rata exemption. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB5127 Detail]

Text: Latest bill text (Introduced) [HTML]

---

Sponsors

Name	Type	Contact	Phone	District	Sponsorship	State Profile	Financial	Encyclopedia	Biography
Representative Jim Watson [R]	Primary	Inactive	Inactive	HD-100	Sponsored Bills	Inactive	FollowTheMoney	Ballotpedia	VoteSmart

Social Comments on IL HB5127