SPRINGFIELD – A new law sponsored by State Senator Laura Murphy (D – Des Plaines) allows veterans to receive property tax exemptions even if they did not occupy their residence at the start of the year.

Under current law, disabled veterans can receive property tax exemptions in the amounts of $2,500, $5,000 or complete exemption from taxation, depending on their level of disability, but if the veteran is not an occupant of the residence as of Jan. 1 of an applicable tax year, they are not entitled to any exemptions for that tax year. Senate Bill 2306 allows veterans who move into new residences after Jan. 1 to receive prorated exemptions based on the date of their occupation.

“Disabled veterans deserve our utmost gratitude as thanks for the many sacrifices they make defending our country,” Murphy said. “It’s not always possible to predict when you might have to move, and by allowing them to receive partial exemptions on their property taxes, we can help ease any financial burdens they may face. I’m proud to have sponsored this legislation that provides much-needed assistance to our country’s heroes.”

The legislation passed through both chambers of the General Assembly with bipartisan support and is effective immediately.