AG 1993 03 03 - Laserfiche WebLink

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SECTION D. PROPOSED LEGISLATION OF CONCERN (Cont.) 8. H74 CLARIFY TAX lb*FORMATION DISCLOSURE Manager Recommendation: Support H74 "To clarify the prohibition against disclosing tax informetion, to modify the prohibition to permit the exchange of certain information bem'een designated agencies, and to exclude information sub- mitted on a masler tax application from the prohibition." Rep. John Gamble (Lincoln). This bill, referred to the House Finance Com:niuee, would make a number of changes related to the confidentiality and disclosure of tax information. The bill would add provisions in county and city law to provide that only local tax records containing information about a la×payer's income or receipts are confidential there- by making it clear that local property tax records are public records. It would delete the penalty provision that requires a local government e:nployee violaling the confidentiality prov/sSon to be dis- missed from office and not hold public office or employment for 5 ),ears. 9. H105 INCREASE HOMESTEAD EXEMPTION Manager Recommendation: Support H105 "To increase the Property Tax Homestead Exemption amount and the income eligibility threshold and to provide that social security benefits end disability benefits are not counted in determining the taxpayer's eligibility for the Homestead Exemption." Sen. Ronnie Smith (Carteret). This bill would raise the Homestead Exemption from $12,000 to $15,000 and raise the annual disposable income level below which elderly and disabled taxpayers qualify for the exemption from $11,000 to $15,000. It would define disposable income as adjusled gross income as defined in Section 62 of the Internal Revenue Code plus other monies received~ but not including gifts or 5nheritances from family, benefits received under Title II of the Social Security Act or disability benefits. The bill was referred to the House Finance Committee. D-10 /.3