102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2624
 
Introduced , by Rep. Lance Yednock
 
SYNOPSIS AS INTRODUCED:



35 ILCS 200/15-167.1 new

 Amends the Property Tax Code. Provides for a homestead exemption in the amount of $5,000 for property that is owned and occupied as the principal residence of an active duty member of the military. Effective immediately.



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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
 
 
A BILL FOR
 


HB2624LRB102 10520 HLH 15849 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 adding 
5Section 15-167.1 as follows:

6 (35 ILCS 200/15-167.1 new)
7 Sec. 15-167.1. Homestead for active duty military.
8 (a) Beginning with taxable year 2021, a homestead 
9exemption, limited to a reduction of $5,000 from the 
10property's equalized assessed value, is granted for property 
11that is owned and occupied as the principal residence of an 
12active duty member of the military who is liable for paying 
13real estate taxes on the property and is an owner of record of 
14the property or has a legal or equitable interest therein as 
15evidenced by a written instrument, except for a leasehold 
16interest, other than a leasehold interest of land on which a 
17single family residence is located, which is occupied as the 
18principal residence of an active duty member of the military 
19who has an ownership interest therein, legal, equitable or as 
20a lessee, and on which he or she is liable for the payment of 
21property taxes. For purposes of the exemption under this 
22Section, "member of the military" means an Illinois resident 
23who is serving as a member of the United States Armed Forces, a 
 
 
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1member of the Illinois National Guard, or a member of the 
2United States Reserve Forces on active duty. 
3 (b) Application must be made during the application period 
4in effect for the county in which the property is located. The 
5assessor or chief county assessment officer may determine the 
6eligibility of residential property to receive the homestead 
7exemption provided by this Section by application, visual 
8inspection, questionnaire, or other reasonable methods. The 
9determination must be made in accordance with guidelines 
10established by the Department. 
11 (c) The exemption under this Section is in addition to any 
12other homestead exemption provided in this Article 15. 
13Notwithstanding Sections 6 and 8 of the State Mandates Act, no 
14reimbursement by the State is required for the implementation 
15of any mandate created by this Section. 


16 Section 99. Effective date. This Act takes effect upon 
17becoming law.