Clarifying Eligibility Income for the Property Tax/Rent Rebate Program
January 16, 2019 01:15 PM to All House Members
Circulated By
Representative Lynda Schlegel Culver
R House District 108
Memo
In the near future, I plan to re-introduce legislation which clarifies the types of income included in the eligibility calculation for the Property Tax/Rent Rebate Program (PTRR).
Specifically, my legislation would clarify that the gross amount of any pensions or the taxable portion of the gross distribution from an annuity, should be included in the income eligibility determination for the PTRR Program. Currently, the gross amount of any pension or annuity is counted toward the PTRR eligibility income. As a result, individuals who transfer an annuity are often ineligible for the PTRR even though they may only realize a small portion of the annuity as taxable income.
Very simply, my legislation will clarify that only the taxable portion of annuity income will be counted toward PTRR eligibility income. I believe this is a more equitable manner of calculating eligibility income for a program that is meant to provide property tax relief for our seniors and/or disabled residents.
Thank you for joining me in cosponsoring this legislation.
Specifically, my legislation would clarify that the gross amount of any pensions or the taxable portion of the gross distribution from an annuity, should be included in the income eligibility determination for the PTRR Program. Currently, the gross amount of any pension or annuity is counted toward the PTRR eligibility income. As a result, individuals who transfer an annuity are often ineligible for the PTRR even though they may only realize a small portion of the annuity as taxable income.
Very simply, my legislation will clarify that only the taxable portion of annuity income will be counted toward PTRR eligibility income. I believe this is a more equitable manner of calculating eligibility income for a program that is meant to provide property tax relief for our seniors and/or disabled residents.
Thank you for joining me in cosponsoring this legislation.
Legislation
Document - Introduced as HB 589
Clarifying Eligibility Income for the Property Tax/Rent Rebate Program
January 16, 2019 01:15 PM to All House Members
Circulated By
CULVER
Memo
In the near future, I plan to re-introduce legislation which clarifies the types of income included in the eligibility calculation for the Property Tax/Rent Rebate Program (PTRR).
Specifically, my legislation would clarify that the gross amount of any pensions or the taxable portion of the gross distribution from an annuity, should be included in the income eligibility determination for the PTRR Program. Currently, the gross amount of any pension or annuity is counted toward the PTRR eligibility income. As a result, individuals who transfer an annuity are often ineligible for the PTRR even though they may only realize a small portion of the annuity as taxable income.
Very simply, my legislation will clarify that only the taxable portion of annuity income will be counted toward PTRR eligibility income. I believe this is a more equitable manner of calculating eligibility income for a program that is meant to provide property tax relief for our seniors and/or disabled residents.
Thank you for joining me in cosponsoring this legislation.
Specifically, my legislation would clarify that the gross amount of any pensions or the taxable portion of the gross distribution from an annuity, should be included in the income eligibility determination for the PTRR Program. Currently, the gross amount of any pension or annuity is counted toward the PTRR eligibility income. As a result, individuals who transfer an annuity are often ineligible for the PTRR even though they may only realize a small portion of the annuity as taxable income.
Very simply, my legislation will clarify that only the taxable portion of annuity income will be counted toward PTRR eligibility income. I believe this is a more equitable manner of calculating eligibility income for a program that is meant to provide property tax relief for our seniors and/or disabled residents.
Thank you for joining me in cosponsoring this legislation.
Document
Introduced as HB 589
Generated 04/18/2025 08:52 AM