Text: HF00458 Text: HF00460 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 425.23, subsection 1, paragraph a, Code 1 2 1999, is amended to read as follows: 1 3a.The tentative credit or reimbursement for a claimant 1 4 described in section 425.17, subsection 2, paragraph "a" and 1 5 paragraph "b",if no appropriation is made to the fund created1 6in section 425.40shall be determined in accordance with the 1 7 following schedule: 1 8 Percent of property taxes 1 9 due or rent constituting 1 10 property taxes paid 1 11 If the household allowed as a credit or 1 12 income is: reimbursement: 1 13 $ 0 – 8,499.99 .................... 100% 1 14 8,500 – 9,499.99 .................... 85 1 15 9,500 – 10,499.99 .................... 70 1 16 10,500 – 12,499.99 .................... 50 1 17 12,500 – 14,499.99 .................... 35 1 18 14,500 – 16,499.99 .................... 25 1 19 Sec. 2. Section 425.23, subsection 1, paragraph b, Code 1 20 1999, is amended by striking the paragraph. 1 21 Sec. 3. Section 425.23, subsection 3, paragraph a, Code 1 22 1999, is amended to read as follows: 1 23 a. A person who is eligible to file a claim for credit for 1 24 property taxes due and who has a household income of eight 1 25 thousand five hundred dollars or less and who has an unpaid 1 26 special assessment levied against the homestead may file a 1 27 claim for a special assessment credit with the county 1 28 treasurer. The department shall provide to the respective 1 29 treasurers the forms necessary for the administration of this 1 30 subsection. The claim shall be filed not later than September 1 31 30 of each year. Upon the filing of the claim, interest for 1 32 late payment shall not accrue against the amount of the unpaid 1 33 special assessment due and payable. The claim filed by the 1 34 claimant constitutes a claim for credit of an amount equal to 1 35 the actual amount due upon the unpaid special assessment, plus 2 1 interest, payable during the fiscal year for which the claim 2 2 is filed against the homestead of the claimant.However,2 3where the claimant is an individual described in section2 4425.17, subsection 2, paragraph "b", and the tentative credit2 5is determined according to the schedule in subsection 1,2 6paragraph "b", subparagraph (2), of this section, the claim2 7filed constitutes a claim for credit of an amount equal to2 8one-half of the actual amount due and payable during the2 9fiscal year.The treasurer shall certify to the director of 2 10 revenue and finance not later than October 15 of each year the 2 11 total amount of dollars due for claims allowed. The amount of 2 12 reimbursement due each county shall be paid by the director of 2 13 revenue and finance by November 15 of each year, drawn upon 2 14 warrants payable to the respective treasurer. There is 2 15 appropriated annually from the general fund of the state to 2 16 the department of revenue and finance an amount sufficient to 2 17 carry out the provisions of this subsection. The treasurer 2 18 shall credit any moneys received from the department against 2 19 the amount of the unpaid special assessment due and payable on 2 20 the homestead of the claimant. 2 21 Sec. 4. Section 425.40, subsection 1, Code 1999, is 2 22 amended to read as follows: 2 231.A low-income tax credit and reimbursement fund is 2 24 created. There is appropriated annually from the general fund 2 25 of the state to the department of revenue and finance to be 2 26 credited to the low-income tax credit and reimbursement fund, 2 27 from funds not otherwise appropriated, an amount sufficient to 2 28 implement this division for claimants described in section 2 29 425.17, subsection 2, paragraph "b". 2 30 Sec. 5. Section 425.40, subsection 2, Code 1999, is 2 31 amended by striking the subsection. 2 32 Sec. 6. APPLICABILITY. This Act applies to claims for 2 33 credit for property taxes due and claims for reimbursement for 2 34 rent constituting property taxes paid filed on or after 2 35 January 1, 2000. 3 1 EXPLANATION 3 2 The bill provides funding from the state general fund for 3 3 the additional property tax credit and rent reimbursement for 3 4 low-income persons who are not elderly or disabled. Present 3 5 law provides the mechanism and calculations for these low- 3 6 income people to receive property tax credit or rent 3 7 reimbursement, but because no funding was provided, none were 3 8 receiving benefits. 3 9 The bill applies to claims for property taxes due and rent 3 10 reimbursement filed on or after January 1, 2000. 3 11 LSB 2514HH 78 3 12 mg/sc/14
Text: HF00458 Text: HF00460 Text: HF00400 - HF00499 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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