HomeMy WebLinkAbout086 - 07/16/2019 - AMENDING ARTICLE II OF CHAPTER 25 OF THE CODE OF THE CITY OF FORT COLLINS RELATING TO THE CITY'S TAXORDINANCE NO. 086, 2019
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING ARTICLE II OF CHAPTER 25 OF THE CODE OF THE CITY
OF FORT COLLINS RELATING TO THE CITY'S TAX REBATE PROGRAMS
WHEREAS, Division 2 in Article II of City Code Chapter 25 authorizes a refund program
to provide relief from property taxes for low-income elderly persons and disabled persons residing
in the City (the"Property Tax Refund Program"); and
WHEREAS, Division 3 in Article II of City Code Chapter 25 authorizes a rebate on the
City's sales tax charged on food purchased by low-income persons residing in the City(the"Sales
Tax Rebate Program"); and
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WHEREAS, the Property Tax Refund Program serves the public purpose of relieving
qualified low-income elderly persons and disabled persons from the City's portion of the ad
valorem taxes applicable to their dwellings; and
WHEREAS, the Sales Tax Rebate Program serves the public purpose of assisting certain
low-income individuals in better affording the necessities of life related to food; and
WHEREAS, as part of the application process for both programs, an applicant is required
to provide income information, and the City Code directs an applicant to provide information
contained in Internal Revenue Service Forms 1040, 1040A, 1040EZ, and 1040NR; and
WHEREAS, the Internal Revenue Service ("I.R.S.") updated its Form 1040 for tax year
2018 by consolidating the former Forms 1040, 1040A and 1040EZ and
WHEREAS, City staff has recommended that references in the Code to specific I.R.S.
forms be updated to reflect the changes the I.R.S. made for tax year 2018; and
WHEREAS, the City Council hereby finds that amending the Property Tax Refund_.
Program and the Sales Tax Rebate Program as proposed in this Ordinance is in the best interests'
of the City and its taxpayers and promotes the health; safety and welfare of the community by
establishing accurate requirements for the Programs.
NOW,THEREFORE,BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS as follows:
Section 1. That the City Council hereby makes and adopts the determinations an
findings contained in the recitals set forth above.
Section 2. That Section 25-26 of the Code of the City of Fort Collins is hereby
amended to read as follows:
Sec.25-26. Definitions.
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The following words, terms and phrases, when used in this Division, shall have the
meanings ascribed to them in this Section;
Income shall mean:
1) total income of an individual as shown on the individual's federal income
tax form on the line noted for the applicable form, as set forth in the chart
below, or if the individual is not required to file any such tax form with the
Internal Revenue Service,the amount that would be so reported in the most
applicable form if the individual was required to file; and
2) plus any nontaxable income including, without limitation; individual
retirement account distributions (not including rollovers), pensions and
annuities, social security benefits, disability benefits, worker's
compensation benefits and any other nontaxable income:
I.R.S. Form 1040 Line 6"Total Income"
I.R.S. Form 1040NR Line 23 "Total Effectively
Connected Income"
Section 3. That Section 2546 of the Code of the City of Fort Collins is hereby
amended to read as follows:
See.25-46. Definitions.
The following words, terms and phrases, when used in this Division, shall have the
meanings ascribed to them in this Section:
Income shall mean:
1) total income of an individual as shown on the individual's federal income
tax form on the line noted for the applicable. form, as set forth in the chart
below, or if the individual is not required to file any such tax form with the
Internal Revenue Service,the amount that would be so reported in the most
applicable form if the individual was required to file-, and
2) plus any nontaxable income including, without limitation, individual
retirement account distributions (not including rollovers), pensions and
annuities, social security benefits, disability benefits, worker's
compensation benefits and any other nontaxable income:
2-
I.R.S. Form 1040 Line 6"Total'Income"
I.R.S. Form 1640RR Line 23 "Total Effectively
Connected Income"
Introduced, considered favorably on first reading, and ordered published this 2nd day of
July, A.D. 2019, and to be presented for final passage on the 16th day of July, A.D. 2019.
ayor
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Passed and adopted on final reading on the 16th day of July, A.D. 2019.
Mayor
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