Tornado Credits Form 509

October 9, 2001 Tornado Tax Credit
This credit is for owners of residential real property whose primary residence was damaged or destroyed in the October 9, 2001 tornado. The amount of the credit is the difference between the ad valorem property tax paid on such property for tax year 2000 and the tax paid the first year after the property is rebuilt or repaired. The primary residence must be repaired or rebuilt and used as the primary residence not later than December 31, 2003. You must have a copy of the previous year's Form 509. You will be given instructions or contacted if you need to send anything in.

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