Form Ri-1040h - Rhode Island Property Tax Relief Claim Page 2
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1
2PART 6
WORK SHEET FOR COMPUTING TOTAL HOUSEHOLD INCOME
If you do not file a federal tax return, use the following work sheet to compute your total household income.
23. Social Security (including Medicare premiums) and Railroad Retirement benefits…………………………………………………………………………
23.
24. Unemployment benefits, worker's compensation……………………………………………………………………………………………………….. 2 4.
25. Wages, salaries, tips, etc………………………………………………………………………………………………………………………………………
25.
26. Dividends and interest (taxable and nontaxable)………………………………………………………………………………………………………………….
26.
27. Business and farm income (net of expenses)…………………………………………………………………………………………………………………..
27.
28. Pension and annuity income (taxable and nontaxable)………………………………………………………………………………………………………….
28.
29. Rental income (net of expenses)……………………………………………………………………………………………………………………………………….
29.
30. Partnership, estate and trust income………………………………………………………………………………………………………………………………..
30.
31. Total gain on sale or exchange of property………………………………………………………………………………………………………………………..
31.
32. Loss on sale or exchange of property (capital losses are limited to $3,000.00)…………………………………………………………………………………
32.
33. Cash public assistance (welfare, etc.)………………………………………………………………………………………………………………………….
33.
34. Alimony and support money……………………………………………………………………………………………………………………………………………..
34.
35. Nontaxable military compensation and cash benefits……………………………………………………………………………………………………………………
35.
36. Other taxable income, please specify…………………………………………………………………………………………………………………………………..
36.
37. Total 2001 household income -add lines 23 through 36, enter here and on form RI-1040H, page 1, line 8 ……………………………………………………
37.
HOUSEHOLD
PERCENTAGE OF INCOME
COMPUTATION TABLE INSTRUCTIONS
INCOME
ALLOWABLE AS CREDIT
Step 1
1 person
2 or more
Read down the column titled household income until you find the income range that includes
the amount shown on line 8.
Less than 6,001
3%
3%
6,001 - 9,000
4%
4%
Step 2
9,001 - 12,000
5%
5%
Read across from the income range line determined in step 1 to find the percent of income
allowed as a credit. Enter this percentage on line 12 or line 19, whichever applies.
12,001 - 15,000
6%
5%
15,001 - 30,000
6%
6%
GENERAL INSTRUCTIONS
If you are filing a Rhode Island income tax return and claiming a property tax
WHEN AND WHERE TO FILE
Your property tax relief claim should be filed as
relief credit, attach RI-1040H to your Rhode Island income tax return. Your
soon as possible after December 31, 2001.
However, no claim for the year 2001 will
property tax relief credit will decrease any income tax due or increase any
be allowed unless such claim is filed by April 15, 2002.
However, an extension for
income tax refund. If you are not required to file a Rhode Island income tax
filling may be allowed at the Tax Administrator's discretion for sickness, absence or
return, Form RI-1040H may be filed without attaching it to a Rhode Island
other disability. Mail your property tax relief claim to the Rhode Island Division of
income tax return.
Taxation, One Capitol Hill, Providence, RI 02908-5806.
WHO MAY QUALIFY - To qualify for the property tax relief credit you must
meet all of the following conditions:
IMPORTANT DEFINITIONS
a) If you are 65 years of age or older on December 31, 2001 or a disabled person
What is meant by "homestead" - The term "homestead" means your Rhode Island
who has received social security disability payments during 2001, or a disabled
dwelling, whether owned or rented, and so much of the land around it as is reasonably
person who has received social security payments during 2001, you will receive
necessary for the use of the dwelling as a home, but not exceeding one acre. It may
the full amount of property tax relief for which you qualify. However, if you are
consist of a part of a multi-dwelling, a multi-purpose building or another shelter in
not 65 years of age or not disabled, your claim for property tax relief will be held
which people live. It may be an apartment, a rented room, a mobile home or a farm.
until June 30, 2002. At that time, the Tax Administrator shall make payments to
What is meant by a "household" - "household" means one or more persons occupying a
each such claimant proportionately, based on the unexpected appropriation,
dwelling unit and living as a single nonprofit housekeeping unit. Household does not
pursuant to R.I.G.L. Chapter 44-33.
mean bona fide lessees, tenants or roomers and borders on contract.
b) You must have been a legal resident of Rhode Island for the entire calendar
What is meant by "household income" - "household income" means all income received
year 2001.
both taxable and nontaxable by all persons of a household in a calendar year while
members of the household.
c) Your household income must have been $30,000.00 or less.
d) You must have lived in a household or rented a dwelling that was subject to
What is meant by " rent paid for occupancy only" - The term "rent paid for occupancy
property taxes.
only" means the gross rent paid only for the right of occupying your homestead. If you
rented furnished quarters, or if utilities were furnished, such as heat, electricity, etc.,
e) You must be current on property tax due on your homestead for all prior years
then you must reduce the amount of gross rent by the reasonable rental value (not cost)
and be current on all installments due during 2001.
of the furniture and the reasonable value of such utilities as were furnished.
WHO MAY CLAIM CREDIT
If you meet all of the qualifications outlined
above, you should complete Form RI-1040H to determine if you are entitled to a
LIMITATIONS ON CREDIT
credit. Only one person of a household may claim the credit. If you and one or
Under the provisions of Section 44-33-16, a claim for relief shall exclude all taxes or
more qualified individuals each rent or own a homestead within a single
rent paid with public assistance funds. The maximum amount of credit allowable under
dwelling, you may each file a claim. The right to file a claim does not survive a
Chapter 44-33, Property Tax Relief Act, for calendar year 2001 is $250.00. In event
person's death; therefore a claim filed on behalf of a deceased person cannot be
that more than one person owns the residence, the taxes will be divided by the owner's
allowed. If the claimant dies after having filed a timely claim, the amount
share.
thereof will be disbursed to another member of the household as determined by
the Tax Administrator.
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