|FOR IMMEDIATE RELEASE||Contact: Cory Fong, Tax Commissioner 701.328.2770|
|Thursday, May 4, 2006||Ramona Wanner, Property Tax Division, 701.328.3127|
RENTER REFUND FILING DEADLINE IS MAY 31st
BISMARCK, N.D. – State Tax Commissioner Cory Fong today reminded low-income senior citizens and disabled persons that they may be able to receive a refund for part of the money they paid as rent for their home or apartment. The deadline for filing for the refund is May 31, 2006.
“We want to make sure that everyone who is eligible knows about the May 31st deadline,” said Fong. The Tax Department administers the Homestead Credit for Senior Citizens or Disabled Persons, which is available to renters who are 65 or older or permanently and totally disabled.
Fong said, “It’s important for the Tax Department to remind North Dakota’s citizens about the renter’s refund program.” Anyone who has already applied for the renter’s refund this year does not need to apply again.
There are certain requirements that need to be met, such as income and age. For instance, to qualify for the program, a renter’s 2005 income cannot exceed $14,500. If 20 percent of the total amount of rent paid is more than four percent of their 2005 income, they could be eligible for a refund. The maximum refund amount is $240. For example, a renter pays $200 per month in rent ($2,400 per year) and the renter’s income is $8,000. Twenty percent of $2,400 is $480 and four percent of $8,000 is $320. The difference is $160, to which the renter is entitled. Fong added that people who qualify for the refund can expect to receive the check within about two weeks of mailing in the application.
“The renter’s refund program has been in place for many years,” said Fong. “This is just one of the ways the state is able to help those who need it most - our low-income, elderly and disabled.”
Last year the Tax Department paid 1,322 refunds, which totaled more than $186,896, an average of about $141 per application.
Fong encourages people who think they may qualify to call the Tax Department in Bismarck at 701.328.3127, for more information.
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