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H.B. 83

             1     

PROPERTY TAX RELIEF PROGRAMS

             2     
2009 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Chief Sponsor: Gage Froerer

             5     
Senate Sponsor: Wayne L. Niederhauser

             6     
             7      LONG TITLE
             8      General Description:
             9          This bill amends the Property Tax Act to increase the household income qualifying
             10      limits for both the homeowner's credit and the renter's credit.
             11      Highlighted Provisions:
             12          This bill:
             13          .    increases the household income qualifying limits for the homeowner's credit;
             14          .    increases the household income qualifying limits for the renter's credit; and
             15          .    makes technical changes.
             16      Monies Appropriated in this Bill:
             17          None
             18      Other Special Clauses:
             19          This bill takes effect on January 1, 2010.
             20      Utah Code Sections Affected:
             21      AMENDS:
             22          59-2-1208, as last amended by Laws of Utah 2006, Chapter 363
             23          59-2-1209, as last amended by Laws of Utah 2006, Chapter 363
             24     
             25      Be it enacted by the Legislature of the state of Utah:
             26          Section 1. Section 59-2-1208 is amended to read:
             27           59-2-1208. Amount of homeowner's credit -- Cost-of-living adjustment --

             28      Limitation -- General Fund as source of credit.
             29          (1) (a) Subject to Subsection (2), for calendar years beginning on or after January 1,
             30      [2007] 2010, a claimant may claim a homeowner's credit that does not exceed the following
             31      amounts:
             32              If household income is            Homeowner's credit
             33                   $0 -- [$9,159 ] $9,704        [$798] $845
             34               [$9,160 ] $9,705 -- [$12,214] $12,941        [$696] $737
             35              [$12,215] $12,942 -- [$15,266] $16,175        [$597] $633
             36              [$15,267] $16,176 -- [$18,319] $19,409        [$447] $474
             37              [$18,320] $19,410 -- [$21,374] $22,646        [$348] $369
             38              [$21,375] $22,647 -- [$24,246] $25,689        [$199] $211
             39              [$24,247] $25,690 -- [$26,941] $28,545         [$98] $104
             40                   $28,546 -- $33,000                $50
             41          (b) (i) For calendar years beginning on or after January 1, [2008] 2011, the commission
             42      shall increase or decrease the household income eligibility amounts and the credits under
             43      Subsection (1)(a) by a percentage equal to the percentage difference between the consumer
             44      price index for the preceding calendar year and the consumer price index for calendar year
             45      [2006] 2009.
             46          (ii) For purposes of Subsection (1)(b)(i), the commission shall calculate the consumer
             47      price index as provided in Sections 1(f)(4) and 1(f)(5), Internal Revenue Code.
             48          (2) An individual who is claimed as a personal exemption on another individual's
             49      individual income tax return during any portion of a calendar year for which the individual
             50      seeks to claim a homeowner's credit under this section may not receive the homeowner's credit.
             51          (3) The homeowner's credit allowed by this section, and provided for in Section
             52      59-2-1204 , shall be derived from the General Fund and appropriate transfers made to effectuate
             53      this credit.
             54          Section 2. Section 59-2-1209 is amended to read:
             55           59-2-1209. Amount of renter's credit -- Cost-of-living adjustment -- Limitation --
             56      General Fund as source of credit -- Maximum credit -- Renter's credit may be claimed
             57      only for rent that does not constitute a rental assistance payment.
             58          (1) (a) Subject to Subsections (2) and (3), for calendar years beginning on or after

             59      January 1, [2007] 2010, a claimant may claim a renter's credit for the previous calendar year
             60      that does not exceed the following amounts:
             61          If household income is                Percentage of rent
             62                                       allowed as a credit
             63               $0 -- [$9,159] $9,704                9.5%
             64           [$9,160] $9,705 -- [$12,214] $12,941                8.5%
             65          [$12,215] $12,942 -- [$15,266] $16,175                7.0%
             66          [$15,267] $16,176 -- [$18,319] $19,409                5.5%
             67          [$18,320] $19,410 -- [$21,374] $22,646                4.0%
             68          [$21,375] $22,647 -- [$24,246] $25,689                3.0%
             69          [$24,247] $25,690 -- [$26,941] $28,545                2.5%
             70               $28,546 -- $33,000                    1.25%
             71          (b) (i) For calendar years beginning on or after January 1, [2008] 2011, the commission
             72      shall increase or decrease the household income eligibility amounts under Subsection (1)(a) by
             73      a percentage equal to the percentage difference between the consumer price index for the
             74      preceding calendar year and the consumer price index for calendar year [2006] 2009.
             75          (ii) For purposes of Subsection (1)(b)(i), the commission shall calculate the consumer
             76      price index as provided in Sections 1(f)(4) and 1(f)(5), Internal Revenue Code.
             77          (2) A claimant may claim a renter's credit under this part only for rent that does not
             78      constitute a rental assistance payment.
             79          (3) An individual who is claimed as a personal exemption on another individual's
             80      individual income tax return during any portion of a calendar year for which the individual
             81      seeks to claim a renter's credit under this section may not receive a renter's credit.
             82          (4) The renter's credit allowed by this section, and provided for in Section 59-2-1204 ,
             83      shall be derived from the General Fund and appropriate transfers made to effectuate this credit.
             84          (5) For calendar years beginning on or after January 1, [2007] 2010, a credit under this
             85      section may not exceed the maximum amount allowed as a homeowner's credit for each
             86      income bracket under Subsection 59-2-1208 (1)(a).
             87          Section 3. Effective date.
             88          This bill takes effect on January 1, 2010.




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    as of 12-16-08 1:29 PM

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