This bill proposes the establishment of a fee on local government associations, specifically targeting county membership associations and organizations of city and town officials. The fee will be set at 10% of the annual dues collected by these organizations and must be paid to the Department of Revenue by December 31 each year. The funds collected from this fee will be deposited into a newly created Local Government Property Tax Relief Account, which will be used to provide property tax rebates to eligible taxpayers. The bill also outlines penalties for failure to report and remit the fee accurately, as well as definitions related to property tax rebates.

Additionally, the bill introduces a property tax rebate program for taxpayers aged 62 or older or those qualifying for the property tax assistance program. The rebate will be the lesser of the property taxes paid or $1,000, with specific claiming procedures and limitations outlined. The bill includes provisions for penalties related to false or fraudulent claims and amends existing law to incorporate the new statutory appropriations for the property tax relief account. The effective date for the act is set for October 1, 2023, with certain sections becoming effective on January 1, 2024.

Statutes affected:
Introduced: 17-7-502