|Posted:||December 14, 2017 11:59 AM|
|From:||Representative Lynda Schlegel Culver|
|To:||All House members|
|Subject:||Clarifying Eligibility Income for the Property Tax/Rent Rebate Program|
|In the near future, I plan to 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.
Introduced as HB2125