NOTE: As provided in LFC policy, this report is intended for use by the standing finance committees of the legislature.  The Legislative Finance Committee does not assume responsibility for the accuracy of the information in this report when used in any other situation.

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(Parenthesis ( ) Indicate Expenditure Decreases)

SOURCES OF INFORMATION

State Agency on Aging (SAOA)

Taxation and Revenue Department (TRD)

SUMMARY

Synopsis of Bill

House Joint Memorial 66 resolves the following:

• •SAOA and TRD work together to publicize information about property tax benefits available to low-income seniors and assist interested seniors in determining eligibility and applying for these benefits; and



• •SAOA and TRD conduct a joint study to determine the need for additional property tax assistance and tax relief for various groups of seniors.

Significant Issues

SAOA indicates the provisions of this memorial would be very helpful to seniors on a fixed income.

ADMINISTRATIVE IMPLICATIONS

SAOA indicates its activities under the provisions of the bill would include outreach, promotion, screening and one-on-one assistance. The costs incurred in these activities would be absorbed by SAOA working directly with regional coordinators of the Health Insurance Benefits Assistance Program.

OTHER SUBSTANTIVE ISSUES

TRD indicates it currently works with county assessors and other agencies in notifying citizens of their eligibility for the property tax valuation limitation and rebate eligibility.

RAE/prr