Written by Garrett Staff Tuesday, 09 March 2010 18:08
The measure allows a veteran returning from armed conflict to apply the returning veterans’ homestead exemption to the following taxable year, provided he or she purchases the house after January 1, and owns and occupies the house as of January 1 of the following year. "This measure is important because it levels the field for veterans who return home late in the year," Senator Garrett said. "Under current law, if a soldier returns from conflict and qualifies for the homestead exemption, they must apply it to the same year they return. This puts soldiers returning late in the year at a disadvantage." According to the Illinois Department of Veteran’s Affairs, the returning veterans’ homestead exemption provides qualifying veterans a one-time $5,000 reduction to their home’s equalized assessed value (EAV). Qualifying Veterans who return from active duty in an armed conflict involving the U.S. armed forces can file an application upon their return home to receive this exemption. Senator Garrett worked cooperatively with the Veterans Assistance Commission of Lake County to advance this legislation. "I also want to show my appreciation for the Veterans Assistance Commission of Lake County for approaching me with their concern about this issue," Senator Garrett added. Senate Bill 2350 now moves to the House of Representatives where it awaits a vote.
State Senator Susan Garrett leads way to promote veterans returning home SPRINGFIELD, IL — State Senator Susan Garrett (D – Lake Forest) advanced a measure through the Illinois Senate this week that allows veterans returning from war to qualify for a homestead exemption the following year.
Senator Garrett Menu
29th District
Years served: 91st - 92nd General Assembly (House); 2003 - Present (Senate)
Committee assignments: Committee of the Whole; Commerce (Vice-Chairperson); Public Health; Revenue; Education; Environment (Chairperson); Joint Comm. on Government Reform; Revenue Subcommittee on Amendments (Sub-Chairperson); Subcommittee on Special Issues (Sub-Co-Chairperson).
Biography: Full-time state legislator. Garrett earned her Bachelor's Degree in Political Science from Lake Forest College; resides in Lake Forest with her husband, Scott, and two children, Brett & Elizabeth.