Source: NBC 5 Chicago

Gov. J.B. Pritzker Friday signed Senate Bill 1975 into law, which eases the tax burden for seniors, veterans, and persons with disabilities.

SB 1975 increases the general homestead exemption and senior citizens homestead exemption, reduces interest rates on tax deferrals for seniors, and allows for automatic renewal of the homestead exemption for qualified people with disabilities in Cook County.

The process of retaining an exemption will also be simpler. For example, The Veterans with Disabilities Exemption will now be automatically renewed as long as the veteran meets the qualifying requirements of the exemption.

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