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BILL AS INTRODUCED 2007-2008

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H.834

Introduced by Representative Komline of Dorset

Referred to Committee on

Date:

Subject:  Taxation; property tax; property tax adjustment; filing deadline

Statement of purpose:  This bill proposes to move the filing deadline for property tax adjustment claims from September 1 to November 15, two weeks after the last property tax bills are issued.

AN ACT RELATING TO NOVEMBER 15 FILING DEADLINE FOR PROPERTY TAX ADJUSTMENT CLAIMS

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  32 V.S.A. § 6066a is amended to read:

§ 6066a.  DETERMINATION OF PROPERTY TAX ADJUSTMENTS

(a)  Annually, the commissioner shall determine the property tax adjustment amount under section 6066 of this title, related to a homestead owned by the claimant.  The commissioner shall notify the municipality in which the housesite is located of the amount of the property tax adjustment for the claimant for homestead property tax liabilities, on July 1 for timely-filed claims and on September 15 December 1 for late claims filed by September 1 November 15.  The tax adjustment of a claimant who was assessed property tax by a town which revised the dates of its fiscal year, however, is the excess of the property tax which was assessed in the last 12 months of the revised fiscal year, over the adjusted property tax of the claimant for the revised fiscal year as determined under section 6066 of this title, related to a homestead owned by the claimant.

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(c)  The commissioner shall notify the municipality of any claim and refund amounts unresolved by September 15 December 1 at the time of final resolution, including adjudication if any.

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(f)  Property tax bills.

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(2)  For property tax adjustment amounts for which municipalities receive notice on or after September 15 December 1, municipalities shall issue a new homestead property tax bill with notice to the taxpayer of the total a mount allocated to payment of homestead property tax liabilities and notice of the balance due.

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(g)  Annually, on August 1 and on September 15 December 1, the commissioner of taxes shall pay to each municipality the amount of property tax adjustment of which the municipality was notified on July 1 for the

August 1 transfer, or September 15  December 1 for the September 15 December 1 transfer, related to municipal property tax on homesteads within that municipality, as determined by the commissioner of taxes.

Sec. 2.  32 V.S.A. § 6068(b) and (c) are amended to read:

(b)  Late-filing penalties.  If the claimant fails to file a timely claim, the amount of the property tax adjustment under this chapter shall be reduced by $15.00, but not below $0.00, which shall be paid to the municipality for the cost of issuing an adjusted homestead property tax bill.  No benefit shall be allowed in the calendar year unless the claim is filed with the commissioner on or before September 1 November 15.

(c)  No request for allocation of an income tax refund may be made after September 1 November 15.

Sec. 3.  32 V.S.A. § 6074 is amended to read:

§ 6074.  AMENDMENT OF CERTAIN CLAIMS

At any time within three years after the date for filing claims under subsection 6068(a) of this chapter, a claimant who filed a claim by September 1 November 15 may file to amend that claim to correct the amount of household income reported on that claim.

Sec. 4.  EFFECTIVE DATE

     This act shall apply to claims filed in 2008 and after.



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us