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- - <br /> copy of the certification must also be given to the taxpayer before the actual tax <br /> bill is issued. (See attached model that may be adapted to suit loc-al needs). <br /> E. TREATMENT of "EARNED" AMOUNT <br /> The amount of the property tax reduction earned by the taxpayer under this <br /> program is not considered income or wages for purposes of state ircom.e tax <br /> withholding, unemployment compensation or workmen's compensation. <br /> The United states Internal Revenue Service 11 S--F11that under current <br /> federal lav the abatement amount i's Yi 'l Tirrthe-ta p-a r's --ss income .dor <br /> feloth-Icd-&-al in r tax and.-.-Fe eral_Insurance ontributi n�Act...FICA. tax <br /> (purposes, however!" In addition, if the community pays the taxpayer's share of <br /> FICA takes, that amount is also income subject to federal income tax. <br /> Communities should verify with the IRS that their procedures comply with all <br /> applicable federal laws regarding income, Social Security and Medicare to <br /> withholding on abatements earned under this program. <br /> F. ACCOUNTING FOR ABATEMENTS <br /> Earned reductions must be applied to the actual tax bills for the fiscal year. The <br /> assessors must commit the full tax for the year and process the dross amount <br /> earned as certified by the board, officer or department supervising the to pa er"s <br /> volunteer services as an abatement to be charged against the overlay account. <br /> See Section D above. The taxpayer's actual tax hill, However, should show <br /> a credit for the amount earned net of any federal withholdings. The municipal <br /> share of federal Social Security and Medicare taxes may also be charged to the <br /> overlay unless the community has otherwise provided. <br /> G. STATUS of VOLUNTEERS <br /> Taxpayers performing services in return for property tax reductions are <br /> employees for purposes of municipal tort liability. Municipalities will therefore <br /> be liable for damages for injuries to third parties and for indemnification of the <br /> volunteers to the sane extent as they are in the ease of injuries caused by regular <br /> municipal employees. <br />