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HB 4201 - Property Tax Exemption for Disabled Veterans - Illinois Key Vote

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Title: Property Tax Exemption for Disabled Veterans

Vote Smart's Synopsis:

Vote to concur with the Governor's amendatory veto that increases property tax exemptions for veterans with service-connected disabilities, and establishes conditions by which veterans are eligible to maintain those exemptions.

Highlights:

- Increases the homestead exemption for veterans with a service-connected disability of at least 50 percent to $1 million. Existing law warranted $2,500 for a service-connected disability between 50 and 75 percent, and $5,000 for a service-connected disability of at least 75 percent [sec. 15-169 (b) (1)]. - Eliminates the requirement that the property's equalized assessed value be less than $250,000 for a veteran to be eligible for the homestead exemption [sec. 15-169 (f)]. - Specifies that when a veteran receives a homestead exemption and his or her property becomes licensed under the Nursing Home Care Act, the exemption continues as long as the veteran or his or her spouse occupies the house or remains the owner of record [sec. 15-169 (e)]. - Specifies that when property is improved either by a cooperative apartment building or a cooperative life care facility, the maximum reduction value of the property is multiplied by the number of apartments or units occupied by the disabled veteran. The veteran shall receive the homestead exemption if he or she [sec. 15-169 (g)]:

    - Is the primary occupant of the residence; - Pays the property taxes on the property of the cooperative or life care facility; and - Is the owner of record of a legal or equitable interest in the cooperative apartment building.

A MAJORITY OF THE TOTAL MEMBERS IN THE LEGISLATIVE BODY IS REQUIRED TO PASS A BILL: 60 MEMBERS OF THE ASSEMBLY AND 30 MEMBERS OF THE SENATE.

NOTE: THIS IS A CONCURRENCE VOTE ON THE GOVERNOR'S AMENDATORY VETO, MEANING THE GOVERNOR MADE ADDITIONS TO THE BILL PASSED BY THE GENERAL ASSEMBLY AND THE GENERAL ASSEMBLY MUST EITHER CONCUR OR OVERRIDE THESE ADDITIONS.

Full Bill Text

See How Your Politicians Voted

Title: Property Tax Exemption for Disabled Veterans

Vote Smart's Synopsis:

Vote to concur with the Governor's amendatory veto that increases property tax exemptions for veterans with service-connected disabilities, and establishes conditions by which veterans are eligible to maintain those exemptions.

Highlights:

- Increases the homestead exemption for veterans with a service-connected disability of at least 50 percent to $1 million. Existing law warranted $2,500 for a service-connected disability between 50 and 75 percent, and $5,000 for a service-connected disability of at least 75 percent [sec. 15-169 (b) (1)]. - Eliminates the requirement that the property's equalized assessed value be less than $250,000 for a veteran to be eligible for the homestead exemption [sec. 15-169 (f)]. - Specifies that when a veteran receives a homestead exemption and his or her property becomes licensed under the Nursing Home Care Act, the exemption continues as long as the veteran or his or her spouse occupies the house or remains the owner of record [sec. 15-169 (e)]. - Specifies that when property is improved either by a cooperative apartment building or a cooperative life care facility, the maximum reduction value of the property is multiplied by the number of apartments or units occupied by the disabled veteran. The veteran shall receive the homestead exemption if he or she [sec. 15-169 (g)]:

    - Is the primary occupant of the residence; - Pays the property taxes on the property of the cooperative or life care facility; and - Is the owner of record of a legal or equitable interest in the cooperative apartment building.

NOTE: THIS IS A CONCURRENCE VOTE ON THE GOVERNOR'S AMENDATORY VETO, MEANING THE GOVERNOR MADE ADDITIONS TO THE BILL PASSED BY THE GENERAL ASSEMBLY AND THE GENERAL ASSEMBLY MUST EITHER CONCUR OR OVERRIDE THESE ADDITIONS.

Full Bill Text

Title: Property Tax Exemptions for Disabled Veterans

NOTE: THE GOVERNOR HAS PROPOSED AMENDMENTS TO THE LEGISLATION WHICH MUST EITHER BE OVERRIDDEN OR CONCURRED WITH BY THE GENERAL ASSEMBLY BEFORE THE BILL BECOMES LAW.

Vetoed by Governor Rod Blagojevich


Full Bill Text
Veto Letter

Title: Property Tax Exemption for Disabled Veterans

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