Revisions to the PTC-104 bill passed this last legislative session. PTC-104 is a combination of two grant rebate programs for Colorado residents. One grant is for a property tax and rent assistance rebate, the other grant is for a heat and fuel expenses rebate.
Eileen Doherty
PTC-104 was expanded in three areas: 1st, the property tax and rent assistance rebate now includes all people who rent. Previously, only renters who landlords paid property taxes were eligible for the rebate. With the revised PTC-104, now renters who live in non-profit housing are eligible for the property tax portion of the bill. 2nd, the minimum and maximum rebate amounts were increased, based upon yearly income. 3rd, the income requirements were increased.
This means more Colorado residents can take advantage of the increased benefits for grants claimed in 2019. Eligible Colorado residents need to be 65 or older, disabled and received benefits for the entire year, or a surviving spouse at least 58 years old; live in Colorado for the entire year; be lawfully present in the United States; and have less than $15,192 in income for a single person and $20,518 for a couple).
The 2019 grant increases to a maximum property tax and rent assistance to $735 and the heat assistance grant increases to $202. The minimum grant amount is $238 for the property tax and rent assistance and $77 for heat assistance. All income limits and rebates are adjusted for inflation in the future.
The new program becomes available January 1, 2020. You can get the application from www.colorado.gov/pacific/tax/property-taxrent-heat-credit-ptc-rebate-forms , file online at https://www.colorado.gov/revenueonline/_/ or call 303-333-3482 for an application or ask to speak to a counselor.
~ Eileen Doherty, MS is the Executive Director of the Colorado Gerontological Society and teaches Nonprofit Management for Fort Hays State University. She can be contacted at 303-333-3482 or doherty001@att.net