Amends the Illinois Income Tax Act. Makes a technical change in a Section concerning the short title.
Senate Amendment 1:
Replaces everything after the enacting clause. Amends the Property Tax Code. In provisions concerning the homestead exemption for veterans with disabilities, provides that the exemption applies to the first $250,000 in equalized assessed value of the property (currently, a residence with an equalized assessed value of less than $250,000 is considered a qualified residence).