The Department of Revenue is required to determine if any taxpayer who files a return and has not applied for the credit may nevertheless be eligible for it. The department is required to notify the claimant of his or her potential eligibility.

The act authorizes a state income tax credit for real property taxes paid on a homestead, up to $60 for all claimants filing a combined income tax return and up to $25 for all other income tax filers. The credit is not allowed on any return which reports income in excess of $100,000. This credit will expire on December 31, 2000.

RUSS HEMBREE

HSA1 for HA2 - increases the maximum upper limit to $25,000 and the minimum base to $13,000; also increases the maximum amount for the homestead property tax credit to $75 for combined filers and $35 for other filers

HSA1 for HA3 - increases the dependency exemption deduction from the current $400 to $1,200; dependents who are age 65 or over and who are not in a federal or state-funded facility may deduct an additional $1,000. The provision is effective on January 1, 1999, and applies to all taxable years beginning after December 31, 1998

HA4 - indexes the dependency exemption deduction for inflation

HA5 - removes the expiration date of December 31, 2000 for the homestead property tax credit