CHICAGO – On behalf of Governor Rod R. Blagojevich, Tammy Duckworth, the Governor’s nominee for Director of the Illinois Department of Veterans’ Affairs, today urged the Illinois House of Representatives to pass the Senate version of a property tax cap bill that will help returning Illinois Veterans get back on their feet. Passed by the Illinois Senate during the Spring session, SB2691 will protect Illinois veterans returning home from Afghanistan and Iraq from property tax increases they cannot afford, by giving them a $5,000 extra exemption. Ms. Duckworth will also travel to Springfield tomorrow to lobby the House on this issue.
“We must do everything we can to help the men and women who have bravely served our country, as they return home from service overseas. A property tax exemption will go a long way in helping them get back on their feet. It’s the least we can do to thank them for their sacrifice,” said Governor Blagojevich.
“It is extremely important that we protect our veterans and help them get back to living normal lives when they arrive home. This bill will help them make the transition a little bit easier, and that’s why I’m joining Governor Blagojevich in urging the House to pass this bill, and will travel tomorrow to Springfield to meet with legislators and talk about this issue,” said Tammy Duckworth.
Senate Bill 2691 passed by the Illinois Senate last March, will provide an extra $5,000 property tax exemption – called the Returning Veterans’ Homestead Exemption - for the tax year in which the Illinois veteran returns from overseas active duty in an armed conflict.
The bill will also provide protections and stability for homeowners by capping residential property taxes increases at 7 percent per year.