Property tax-deferral program.

09LSO-0356.L2

FISCAL NOTE

No significant fiscal or personnel impact at the state level.

Any revenue decreases will occur to county governments.  This program has been in place many years and only six people participated in the program last year.  The change in residency requirement to eight years will probably have a limiting effect while the increase in eligible income may include people that previously didn’t qualify.  We have no way of predicting the future participation in this program, but eventually all revenue decreases are recovered through liens on the property.

Prepared by:   Marvin Applequist, DOR Phone: 777-5235