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16 <br /> 1 Slide #8 <br /> Limited Authority for Tax Refunds & Waivers <br /> •§ 105-380. No taxes to be released, refunded, or compromised. <br /> •The governing body of a taxing unit is prohibited from releasing, <br /> refunding,or compromising all or any portion of the taxes levied <br /> against any property within its jurisdiction except as expressly <br /> provided in this Subchapter. <br /> •§ 105-381: Property Tax Release or Refunds only for: <br /> • clerical errors <br /> • illegal taxes <br /> BIM <br /> 2 <br /> 3 Chris McLaughlin said that the Machinery Act, which has all of the laws for property <br /> 4 taxes, only allows refunds or waivers for clerical errors or illegal taxes. He said local boards <br /> 5 cannot just decide to forgive taxes. <br /> 6 <br /> 7 Slide #9 <br /> Property - - Programs <br /> • Cannot create own exemptions <br /> • Cannot cap reappraisal value increases <br /> • Cannot waive property taxes unless illegal/clerical error <br /> • Must justify as housing or welfare programs <br /> • Income restrictions <br /> • Loans vs.grants? <br /> • Tied to length of home ownership? <br /> ri <br /> 8 <br /> 9 Chris McLaughlin said the statutory limitations affect property tax relief programs. He <br /> 10 said local boards need to have a strong argument for why property tax relief programs are <br /> 11 allowed. <br /> 12 <br /> 13 Slide #10 <br />