Illinois House Bill HB1239

Illinois 2023-2024 Regular Session

• Introduced: 1/18/23
• Refer: 1/31/23
• Refer: 2/28/23
• Refer: 3/10/23
• Refer: 2/29/24
• Refer: 4/5/24

Caption

IDOR-VETERANS

Impact

One of the bill's key impacts is the creation of the Support our Veterans and Neighbors Fund, which will receive transfers from the General Revenue Fund based on the certified differences in exemption amounts reported by eligible school districts. The fund will be used by the Department of Veterans' Affairs to provide grants to these school districts, enabling them to better support veterans' needs within their communities. This legislative move is aimed at enhancing educational resources and support services for veterans' families.

Summary

House Bill 1239 amends the Department of Revenue Law in Illinois by establishing a reporting requirement for eligible school districts regarding veterans' homestead exemptions. Specifically, it mandates that school districts report the total amount of veterans’ homestead exemptions granted for both the current levy year and for the 2022 levy year. This information will be utilized to assess differences in exemption amounts and subsequently determine funding allocations for veterans' services.

Contention

Discussion around the bill's implications includes potential concerns regarding how these funding allocations may affect school district finances. Diverging opinions may arise regarding whether the bill sufficiently addresses the needs of veterans, particularly in terms of ensuring that the exemptions are beneficial for veterans residing in areas surrounding military bases. Lawmakers may express the necessity of balancing fiscal responsibilities with the commitment to support local veterans effectively.