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To flag an account as having a HB 366 exemption, use the Property Detail screen.  The exemption applies to tangible personal property that is used for the production of income or mineral accounts that have a taxable value under $500.00.  After applying the exemption, these accounts will be exempt from owing taxes. Starting with the 2022 tax year, mineral accounts are exempt if their value is less than $500, while personal property account are exempt for values under $2500.

User Entitlements

The following user entitlements must be set for each user who needs access to the Property Value Detail screen. They are part of the Make Value and Levy Account Master Changes and View Only Major Screens tasks.

Users having any job can view the Jurisdiction tab on the Account Master screen. Changes can be made with the CAD Changes Save and Calc AG Rollback job. See Tasks, Entitlements, and Jobs for more information.

ACT8002: Allow users to view the Account Master screens.

PRIOR_YEAR_BUILD: Allow users to click the Prior Year button.

ACCTM_SAVE_AND_CALC_BUTTON:Allow users to click the Save and Calculate button.

ACCTM_JURISDICTION_UPDATE: Allow users to change and insert information on the Property Value Detail tab. This includes the value fields on the Summary tab.

ACCTM_EXEMPTIONS_UPDATE: Allow users to change and insert information on the Special Exemptions tab.

1. From the Main Menu, click the Account Master () button or select Update, then Account Master, or click the Go To drop-down list and select Account Master.  The Account Master Summary screen will appear.
2. If the account has carried over from a previous screen, go to step 3.  
   
   If the Account Number field is blank, enter the account number, press F8, then go to step 3.
   
   If you need to enter a different account number, press F7, key in the new account number, press F8, then go to step 3.

Note: If you don't know your account number, see Locating an Account.

3. If you need to view the summary of an account for a prior year, use the scroll bar on the right side of the screen. A popup will appear just before you get to the last year available if additional years have been archived (moved to a different part of the database to allow faster querying in the main database).
4. If you want to view a year that is not available on the screen, follow the steps below:

1. Click Prior Year(s).  
2. Click Prior Year Rebuild
3. Click Prior Year(s)
4. Using the drop-down list, select the year to view.  The list contains only those years that have been archived. If you want to see another year, key in that year in the year field.
5. Click OK. The Account Master Summary screen will display.

WARNING: If you want to view data for a paid account in a prior year and your tax office has had its paid account data loaded into ACT's archive tables, the property values and jurisdictions for the rebuilt year will be inserted. Please check them for accuracy. Enter any exemptions into either the Account Master Summary or Special Exemptions tabs.  Remember to return to the Account Master Summary screen and press F10 (Save).

For unpaid prior year accounts and paid accounts that haven't been put into the archive tables, zeroes will show in the value fields for the year you rebuild if the client preference POPULATE_EQUAL_VALUES is set to N.  If the preference is set to Y, the property values will be populated with data from the Receivable and Property Value screens.   If no values exist for that year in those screens, $0.00 values will be inserted. Please check the values for accuracy.  Remember to enter any exemptions, then press F10 (Save).  

A Receivable is not created unless it existed in the archive tables or in the regular production tables before doing this Prior Year rebuild.

5. Click the Jurisdiction tab.
6. Click HB 366 checkbox next to the tax units that assess this exemption.  
7. Click the Account Master Summary tab.
8. Click Save and Calculate Levy to create the exemption.