PROP TX-DISABLED VET EXEMPTION Senate SponsorsSen. Frank C. Watson-Pamela J. Althoff-Dale A. Righter-Bill Brady, Matt Murphy, Randall M. Hultgren, Chris Lauzen, Gary G. Dahl and William E. Peterson 1/13/2009SenateSession Sine Die 35 ILCS 200/15-16535 ILCS 200/15-166 newAmends the Property Tax Code. Ends the current exemption for disabled veterans with the 2007 tax year. Beginning with the 2008 tax year, provides a property tax exemption for property that is owned and used as a homestead by a disabled veteran or the spouse or unmarried surviving spouse of the veteran. Provides that the amount of the exemption is an amount equal to the assessed value of the property multiplied by the percentage of disability of the veteran. Sets forth requirements for the exemptions. Provides that a surviving spouse may transfer the exemption to homestead property acquired after the veteran's death. Requires an annual application for the exemptions. Effective immediately. 1/31/2007SenateFiled with Secretary by Sen. Frank C. Watson 1/31/2007SenateFirst Reading 1/31/2007SenateReferred to Rules 2/2/2007SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff 2/7/2007SenateAssigned to Revenue 2/21/2007SenateAdded as Chief Co-Sponsor Sen. Dale A. Righter 2/21/2007SenateAdded as Chief Co-Sponsor Sen. Bill Brady 2/22/2007SenatePostponed - Revenue 2/22/2007SenateAdded as Co-Sponsor Sen. Matt Murphy 2/23/2007SenateAdded as Co-Sponsor Sen. Randall M. Hultgren 3/14/2007SenateAdded as Co-Sponsor Sen. Chris Lauzen 3/15/2007SenateTo Subcommittee 3/15/2007SenateAdded as Co-Sponsor Sen. Gary G. Dahl 3/16/2007SenateRule 3-9(a) / Re-referred to Rules 5/29/2007SenateAdded as Co-Sponsor Sen. William E. Peterson 1/13/2009SenateSession Sine Die