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State of Illinois

Tax Breaks for Veterans Coming in 2015

tax

Illinois veterans with disabilities will be eligible for more property tax exemptions under a law signed by Gov. Pat Quinn.

Quinn signed the measure Tuesday. It takes effect immediately.

The new law allows veterans with disabilities and their spouses expanded property tax exemptions. Disabled veterans will also see an increased homestead exemption to $100,000 from $70,000.

In a statement, Quinn says the law will help ensure that veterans aren't "burdened by overwhelming property taxes.''

State Sen. Michael Hastings is a bill sponsor. He says the measure is in response to a soldier who suffered major injuries in Afghanistan. After returning to Illinois, his family received a home through charitable donations, but was hit with an unaffordable tax bill.

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