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Amends the Property Tax Code. Provides that, for the purpose of granting the homestead exemption for veterans with disabilities, for taxable years 2025 and thereafter, if the veteran has a service connected disability of 60% or more, then the property is exempt from taxation under the Code (currently, if the veteran has a service connected disability of 70% or more, then the first $250,000 in equalized assessed value is exempt from taxation under the Code). Effective immediately.
Introduced
Feb 6, 2026
Last Action
Feb 6, 2026
Session
IL 104th
Sponsors
1 primary · 0 co
First Reading
Referred to Rules Committee
Filed with the Clerk by Rep. Michael J. Coffey, Jr.
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Referred to Rules Committee
Michael J. Coffey, Jr.