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             1     

CIRCUIT BREAKER AMENDMENTS

             2     
2009 GENERAL SESSION

             3     
STATE OF UTAH

             4     
Chief Sponsor: Tim M. Cosgrove

             5     
Senate Sponsor: Wayne L. Niederhauser

             6     
             7      LONG TITLE
             8      General Description:
             9          This bill amends the Property Tax Act to amend the household income qualifying
             10      limits of some claimants applying for certain property tax relief programs.
             11      Highlighted Provisions:
             12          This bill:
             13          .    for taxable year 2009, decreases a claimant's household income by $1,000 for a
             14      dependent that the claimant is eligible to claim on the claimant's federal taxes for
             15      purposes of qualifying for a homeowner's credit for a maximum household income
             16      decrease of $1,000;
             17          .    for taxable year 2009, decreases a claimant's household income by $1,000 for a
             18      dependent that the claimant is eligible to claim on the claimant's federal taxes for
             19      purposes of qualifying for a renter's credit for a maximum household income
             20      decrease of $1,000; and
             21          .    makes technical changes.
             22      Monies Appropriated in this Bill:
             23          None
             24      Other Special Clauses:
             25          This bill provides retrospective operation for a taxable year beginning on or after
             26      January 1, 2009.
             27      Utah Code Sections Affected:
             28      AMENDS:
             29          59-2-1208, as last amended by Laws of Utah 2006, Chapter 363


             30          59-2-1209, as last amended by Laws of Utah 2006, Chapter 363
             31     
             32      Be it enacted by the Legislature of the state of Utah:
             33          Section 1. Section 59-2-1208 is amended to read:
             34           59-2-1208. Amount of homeowner's credit -- Cost-of-living adjustment --
             35      Limitation -- General Fund as source of credit -- Dependent credit.
             36          (1) (a) Subject to [Subsection] Subsections (2) and (4), for calendar years beginning
             37      on or after January 1, 2007, a claimant may claim a homeowner's credit that does not exceed
             38      the following amounts:
             39              If household income is            Homeowner's credit
             40               $0 -- $9,159                    $798
             41               $9,160 -- $12,214                    $696
             42              $12,215 -- $15,266                    $597
             43              $15,267 -- $18,319                    $447
             44              $18,320 -- $21,374                    $348
             45              $21,375 -- $24,246                    $199
             46              $24,247 -- $26,941                     $98
             47          (b) (i) For calendar years beginning on or after January 1, 2008, the commission shall
             48      increase or decrease the household income eligibility amounts and the credits under
             49      Subsection (1)(a) by a percentage equal to the percentage difference between the consumer
             50      price index for the preceding calendar year and the consumer price index for calendar year
             51      2006.
             52          (ii) For purposes of Subsection (1)(b)(i), the commission shall calculate the consumer
             53      price index as provided in Sections 1(f)(4) and 1(f)(5), Internal Revenue Code.
             54          (2) An individual who is claimed as a personal exemption on another individual's
             55      individual income tax return during any portion of a calendar year for which the individual
             56      seeks to claim a homeowner's credit under this section may not receive the homeowner's
             57      credit.


             58          (3) The homeowner's credit allowed by this section, and provided for in Section
             59      59-2-1204 , shall be derived from the General Fund and appropriate transfers made to
             60      effectuate this credit.
             61          (4) (a) Subject to Subsection (4)(b), for purposes of calculating a claimant's household
             62      income to determine the amount of the claimant's homeowner's credit under Subsection (1),
             63      for the taxable year that begins on January 1, 2009 and ends on December 31, 2009, a
             64      claimant's household income shall be decreased by $1,000 for a dependent with respect to
             65      whom a claimant is eligible to make a deduction as allowed as a personal exemption deduction
             66      on the claimant's federal individual income tax return for the taxable year for which the
             67      household income is calculated.
             68          (b) For purposes of Subsection (4)(a):
             69          (i) the maximum amount a claimant's household income may be decreased is $1,000;
             70      and
             71          (ii) "dependent" does not include the claimant or the claimant's spouse.
             72          Section 2. Section 59-2-1209 is amended to read:
             73           59-2-1209. Amount of renter's credit -- Cost-of-living adjustment -- Limitation --
             74      General Fund as source of credit -- Maximum credit -- Renter's credit may be claimed
             75      only for rent that does not constitute a rental assistance payment -- Dependent credit.
             76          (1) (a) Subject to Subsections (2) [and], (3), and (6), for calendar years beginning on
             77      or after January 1, 2007, a claimant may claim a renter's credit for the previous calendar year
             78      that does not exceed the following amounts:
             79          If household income is                Percentage of rent
             80                                       allowed as a credit
             81           $0 -- $9,159                        9.5%
             82           $9,160 -- $12,214                        8.5%
             83          $12,215 -- $15,266                        7.0%
             84          $15,267 -- $18,319                        5.5%
             85          $18,320 -- $21,374                         4.0%


             86          $21,375 -- $24,246                         3.0%
             87          $24,247 -- $26,941                         2.5%
             88          (b) (i) For calendar years beginning on or after January 1, 2008, the commission shall
             89      increase or decrease the household income eligibility amounts under Subsection (1)(a) by a
             90      percentage equal to the percentage difference between the consumer price index for the
             91      preceding calendar year and the consumer price index for calendar year 2006.
             92          (ii) For purposes of Subsection (1)(b)(i), the commission shall calculate the consumer
             93      price index as provided in Sections 1(f)(4) and 1(f)(5), Internal Revenue Code.
             94          (2) A claimant may claim a renter's credit under this part only for rent that does not
             95      constitute a rental assistance payment.
             96          (3) An individual who is claimed as a personal exemption on another individual's
             97      individual income tax return during any portion of a calendar year for which the individual
             98      seeks to claim a renter's credit under this section may not receive a renter's credit.
             99          (4) The renter's credit allowed by this section, and provided for in Section 59-2-1204 ,
             100      shall be derived from the General Fund and appropriate transfers made to effectuate this credit.
             101          (5) For calendar years beginning on or after January 1, 2007, a credit under this
             102      section may not exceed the maximum amount allowed as a homeowner's credit for each
             103      income bracket under Subsection 59-2-1208 (1)(a).
             104          (6) (a) Subject to Subsection (6)(b), for purposes of calculating a claimant's household
             105      income to determine the amount of the claimant's renter's credit under Subsection (1), for the
             106      taxable year that begins on January 1, 2009 and ends on December 31, 2009, a claimant's
             107      household income shall be decreased by $1,000 for a dependent with respect to whom a
             108      claimant is eligible to make a deduction as allowed as a personal exemption deduction on the
             109      claimant's federal individual income tax return for the taxable year for which the household
             110      income is calculated.
             111          (b) For purposes of Subsection (6)(a):
             112          (i) the maximum amount a claimant's household income may be decreased is $1,000;
             113      and


             114          (ii) "dependent" does not include the claimant or the claimant's spouse.
             115          Section 3. Retrospective operation.
             116          This bill has retrospective operation for a taxable year beginning on or after January 1,
             117      2009.


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