Tax Report (J-29) Update Reporting Post RDA Dissolution - PowerPoint PPT Presentation

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Tax Report (J-29) Update Reporting Post RDA Dissolution

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  1. Tax Report (J-29) Update Reporting Post RDA Dissolution Peter Foggiato, School Fiscal Services Division

  2. Tax Report (J-29) Update • Line A-12: Community Redevelopment Funds • Pass through funds considered property taxes pursuant to Education Code (EC) sections 2558 and 42238 EC 2558 (c)(5) …the amount received pursuant to subparagraph (C) of paragraph (3) of subdivision (a) of Section 33607.5 of the Health and Safety Code that is considered property taxes pursuant to that section. EC 42238 (h)(6) …the amount, if any, received pursuant to the Community Redevelopment Law (Part 1 (commencing with Section 33000) of Division 24 of the Health and Safety Code), except for any amount received pursuant to Section 33401 or 33676 of the Health and Safety Code that is used for land acquisition, facility construction, reconstruction, or remodeling, or deferred maintenance, except for any amount received pursuant to Section 33492.15 of, paragraph (4) of subdivision (a) of Section 33607.5 of, or Section 33607.7 of, the Health and Safety Code that is allocated exclusively for educational facilities.

  3. Tax Report (J-29) Update • Line A-13: Redevelopment Property Tax Trust Fund Residual Distributions • Residual dollars in the Redevelopment Property Tax Trust Fund distributed pursuant to Health and Safety Code (HSC) sections 34183(a)(4) and 34188. • Includes distributions in the current year pursuant to HSC Section 34183.5(b)(2)(A).

  4. Tax Report (J-29) Update • Line A-14: Redevelopment Agency Asset Liquidation • Remittances from unencumbered balances [HSC Section 34177(d)] and proceeds from asset sales and other related funds due to the wind down of redevelopment agency (RDA) affairs [HSC Section 34177 (e)] • Also includes additional amounts remitted pursuant to a determination by the California Department of Finance [HSC Section 34179.6 (f)]

  5. Tax Report (J-29) Update • All of the amounts reported to the CDE are used to calculate state aid for revenue limits. • The amount reported on Line A-14 will not be used in the First Principal Apportionment calculations. • “Excluded” amounts, such as the facilities portion of pass through payments are not reported on the taxes report.

  6. Tax Report (J-29) Update Office of Principal Apportionment and Special Education916-324-4541PASE@cde.ca.govAdministrator: Peter FoggiatoSoftware Questions: Zandra BlackGeneral Tax Questions: Judy Gonzalez