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6. Final payments to residential displacees would be issued after confirmation that the <br />Project premises have been completely vacated, and actual residency at the replacement <br />unit is verified; <br />7. Receipts of payment and all claim material will be maintained in the relocation case file. <br />H. Relocation Tax Consequences <br />In general, relocation payments are not considered income for the purpose of Division z of the <br />Internal Revenue Code Of 1954, which has been redesignated as the Internal Revenue Code of 1986 <br />(Title 26, U. S. Code), or for the purpose of determining the eligibility or the extent of eligibility of <br />any person for assistance under the Social Security Act (42 U. S. Code 301 et seq.) or the Personal <br />Income Tax Law, Part 10 (commencing with Section 17001) of the Revenue and Taxation Code, or the <br />Bank and Corporation Tax Law, Part II (commencing with Section 23001) of Division z of the Revenue <br />and Taxation Code. The above statement on tax consequences is not intended as tax advice by the <br />City or OPC. Displacees are responsible for consulting with their own tax advisors concerning the tax <br />consequences of relocation payments. <br />23 <br />75B-33 <br />