AG 1993 03 15 - Laserfiche WebLink

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SECTION D. PROPOSED LEGISLATION OF CONCERN (Cont.) 8. H74 CLARIFY TAX INFORMATION DISCLOSURE Manager Recommendation: Support H74 "To clarify the prohibition against disclosing tax information, to modify the prohibition to permit the exchange of certain information between designated agencies, and to exclude information sub- mitted on a master tax appllcation..from the prohibition," Rep. John Gamble (Lincoln). This bill, referred to the House Finance Commntee, would make a number of changes related to the confidentmhty and disclosure of tax information. The biil would add provisions in county and city law to provide that only local tax records containing information about a taxpayer's income or receipts are confidential there- by making it clear that local property tax records are public records. It would delele the penalty provision that requires a local government e:np]oyee violating the confidentiality provision to be dis- missed from office and not hold public office or employment for 5 years. 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 and 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 adjusted gross income as defined in Section 62 of the Internal Revenue Code plus other monies received, but not including gifts or inheritances fi.om family, benefits received under Tide II of the Social Securi!y Act or disability benefits. The bill was referred to the House Finance Committee. D-10