SB64 - Sen. Tracy McCreery (D) - Modifies the Senior Citizens Property Tax Relief Credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | SB 64 - Current law authorizes an income tax credit for certain senior citizens and disabled veterans in amount equal to a portion of such taxpayer's property tax liabilities, with the amount of the credit dependent on the taxpayer's income and property tax liability. This act modifies the definition of "income" to increase the amount deducted from Missouri adjusted gross income from $2,000 to $2,800, or, for claimants who owned and occupied the residence for the entire year, such amount is increased from $4,000 to $5,800. (Section 135.010) The maximum allowable credit under current law is limited to $750 in rent constituting property taxes actually paid or $1,100 in actual property tax paid. This act increases such amounts to $1,055 and $1,550, respectively, and annually adjusts such maximum amounts for inflation. (Section 135.025) Additionally, current law limits the tax credit to qualifying taxpayers with an income of $27,500 or less, or $30,000 in the case of a homestead owned and occupied by a claimant for the entire year. This act increases such maximum income to $38,200 for claimants with a filing status of single, $42,200 for claimants with a filing status of single and who owned and occupied a homestead for the entire year, $41,000 for claimants with a filing status of married filing combined, and $48,000 for claimants with a filing status of married filing combined and who owned and occupied a homestead for the entire year, and annually adjusts such amounts for inflation. (Section 135.030) This act is identical to SB 822 (2024) and is substantially similar to SB 930 (2024), HCS/HB 1428 (2024), HB 1670 (2024), HB 1939 (2024), HB 2050 (2024), HB 666 (2023), and HCS/HB 1134 (2023), and to provisions in HB 1636 (2024), SS/SCS/SB 15 (2023), HCS/SS/SB 143 (2023), HCS/SB 247 (2023), and HB 1351 (2023). JOSH NORBERG |
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Comments: |
No comments.
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Last Action: |
03/03/2025
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- Superseded by SB 101
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SB101 - Sen. Mike Cierpiot (R) - Modifies the Senior Citizens Property Tax Relief Credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | SCS/SBs 101 & 64 - Current law authorizes an income tax credit for certain senior citizens and disabled veterans in amount equal to a portion of such taxpayer's property tax liabilities, with the amount of the credit dependent on the taxpayer's income and property tax liability. This act modifies the definition of "income" to increase the amount deducted from Missouri adjusted gross income from $2,000 to $2,800, or, for claimants who owned and occupied the residence for the entire year, such amount is increased from $4,000 to $5,800. (Section 135.010) The maximum allowable credit under current law is limited to $750 in rent constituting property taxes actually paid or $1,100 in actual property tax paid. This act increases such amounts to $1,055 and $1,550, respectively, and annually adjusts such maximum amounts for inflation. (Section 135.025) Additionally, current law limits the tax credit to qualifying taxpayers with an income of $27,500 or less, or $30,000 in the case of a homestead owned and occupied by a claimant for the entire year. This act increases such maximum income to $38,200 for claimants with a filing status of single, $42,200 for claimants with a filing status of single and who owned and occupied a homestead for the entire year, $41,000 for claimants with a filing status of married filing combined, and $48,000 for claimants with a filing status of married filing combined and who owned and occupied a homestead for the entire year, and annually adjusts such amounts for inflation. (Section 135.030) This act is identical to SB 822 (2024) and is substantially similar to SB 930 (2024), HCS/HB 1428 (2024), HB 1670 (2024), HB 1939 (2024), HB 2050 (2024), HB 666 (2023), and HCS/HB 1134 (2023), and to provisions in HB 1636 (2024), SS/SCS/SB 15 (2023), HCS/SS/SB 143 (2023), HCS/SB 247 (2023), and HB 1351 (2023). JOSH NORBERG |
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Comments: |
No comments.
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Last Action: |
03/31/2025
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- Placed on Informal Calendar
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HB45 - Rep. Mike McGirl (R) - Modifies the "circuit breaker" tax credit by increasing the maximum upper limits and adjusting the property tax credit income phase-out increment amounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | COMMITTEE ACTION: Voted "Do Pass" by the Special Committee on Tax Reform by a vote of 8 to 0. This bill amends statutes related to senior citizen property tax relief, also known as the Circuit Breaker tax credit. This tax credit is available to any eligible senior citizen or disabled veteran for a portion of the real estate taxes or rent that the individual paid for the year. To qualify for the tax credit, the individual's income cannot exceed the maximum upper limit set by statute. The maximum upper limit varies depending on the circumstances of the individual claiming the tax credit: whether the individual is single or filing jointly with a spouse; or whether the individual is renting or owns and occupies a homestead. This bill increases the maximum income in the following manner, beginning January 1, 2026: For homeowners: from $30,000, now $40,000; Unmarried homeowner can currently subtract $2,000, and married homeowners $4,000, from their adjusted gross income in establishing their income for the purpose of this tax credit. That amount will change to $5,000 under this bill; For renters: from $27,500, now $32,500; Renters can currently subtract $2,000 from their adjusted gross income in establishing their income for the purpose of this tax credit. That amount will change to $5,000 under this bill. The actual amount of the tax credit is determined by the individual's income in relation to the minimum base of $14,300. Currently, the tax credit cannot exceed $1,100 in actual property taxes paid for a homeowner, or $750 in rent constituting property taxes actually paid for renters. Beginning January 1, 2026, this bill changes the calculation for incomes over the minimum base. This bill is similar to HB 1428 (2024) and HCS SS SCS SB 133 (2023). PROPONENTS: Supporters say that this bill expands the eligibility for those who are married and filing jointly. This allows more individuals to participate in the circuit breaker tax credits. Proponents also state that property tax rates have increased, and there has been no update to the circuit breaker tax credit. The bill will provide this update. Testifying in person for the bill were Representative McGirl; and AARP-Missouri. OPPONENTS: There was no opposition voiced to the committee. Written testimony has been submitted for this bill. The full written testimony and witnesses testifying online can be found under Testimony on the bill page on the House website. |
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No comments.
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Last Action: |
04/29/2025
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- Referred to committee - House-Rules-Legislative
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HB511 - Rep. Travis Wilson (R) - Establishes a dementia services coordinator as a full-time position within the department of health and senior services | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | COMMITTEE ACTION: Voted "Do Pass with HCS" by the Standing Committee on Health and Mental Health by a vote of 14 to 0. The following is a summary of the House Committee Substitute for HB 511. This bill establishes within the Department of Health and Senior Services' Division of Senior and Disability Services the full-time position of dementia services coordinator and specifies his or her duties relating to the evaluation, coordination, assessment, data analysis, strategy development, education, and promotion of dementia services. This bill is similar to HB 2071 (2024). The following is a summary of the public testimony from the committee hearing. The testimony was based on the introduced version of the bill. PROPONENTS: Supporters say that this addresses the need for more streamlined systems and services relating to sufferers of Alzheimer's and dementia. It is a costly disease and a growing public health crisis, and a coordinator can reduce duplicated services as well as focus on early detection, diagnosis, and treatment. Testifying in person for the bill were Representative Wilson; Alzheimer's Association Greater Missouri Chapter; and Arnie Dienoff. There was no opposition voiced to the committee. Written testimony has been submitted for this bill. The full written testimony and witnesses testifying online can be found under Testimony on the bill page on the House website. |
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No comments.
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Last Action: |
04/24/2025
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- Reported Do Pass - House-Rules-Legislative
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HB515 - Rep. Mark Matthiesen (R) - Authorizes taxpayers to submit petitions to reduce local tax rate levies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | This bill establishes the "Taxation Oversight and Reduction Act". A taxpayer may submit a petition to the local election authority with jurisdiction over a political subdivision for the reduction of the political subdivision's property tax rate, excluding any tax rate set to pay for bonds or debt services. The reduction must not exceed 5% of the tax rate in effect on the day the question is submitted to voters, unless the maximum authorized levy is more than 5% higher than the current tax rate ceiling, in which case the reduction may be equal to the percentage necessary to reduce the maximum authorized levy to equal the tax rate ceiling. A reduction of the same political subdivision's property tax rate may be submitted to voters no more than once every four years. Petitioners must notify the political subdivision's local election authority of their intent to submit a petition and provide the local election authority a copy of the petition. Upon notification, the local election authority must notify the taxpayer of the minimum required number of signatures to approve the petition, the estimated cost for signature verification, and the date by which the petition will be due in order for the question to be placed on the ballot. The minimum signature requirement to place a tax reduction on the ballot will be 5% percent of the number of registered voters who voted in the most recent election of the political subdivision's governing body. The local election authority must verify that signatures are from registered voters of the political subdivision in question. Election authorities may charge petitioners a fee for signature verification, provided that the fee does not exceed $0.50 per signature. If petitioners meet all requirements, the local election authority will place the tax reduction on the ballot of the next general municipal election. The form of the ballot question is specified in the bill. If a majority of the registered voters of the political subdivision approve the reduction, the political subdivision must reduce the property tax rate by the percentage approved by the voters. This bill is the same as HB 1667 (2024). |
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Comments: |
No comments.
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Last Action: |
02/11/2025
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- Removed from House Hearing Agenda - 2/17/25 - 4:30 pm or Upon Adjournment - HR 5 - House-Ways and Means
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SB130 - Sen. Angela Mosley (D) - Establishes a "Restaurant Meals Program" as part of the Supplemental Nutrition Assistance Program (SNAP) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | SB 130 - This act requires the Department of Social Services to establish a "Restaurant Meals Program" as part of the Supplemental Nutrition Assistance Program (SNAP). Under this program, households containing certain elderly, disabled, or homeless individuals shall have the option, in accordance with federal law, to redeem their SNAP benefits at private establishments that contract with the Department to offer meals, including hot food and meals intended for immediate consumption, for eligible persons at concessional prices. This act is identical to SB 973 (2024), SB 313 (2023), and the perfected SB 798 (2022). SARAH HASKINS |
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No comments.
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Last Action: |
01/23/2025
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- Referred to committee - Senate-Families, Seniors and Health
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SB457 - Sen. Mike Henderson (R) - Modifies the Senior Citizens Property Tax Relief Credit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | SB 457 - Current law authorizes an income tax credit for certain senior citizens and disabled veterans in amount equal to a portion of such taxpayer's property tax liabilities, with the amount of the credit dependent on the taxpayer's income and property tax liability. This act modifies the definition of "income" to increase the amount deducted from Missouri adjusted gross income from $2,000 to $5,000, or, for claimants who owned and occupied the residence for the entire year, such amount is increased from $4,000 to $5,000. (Section 135.010) Additionally, current law limits the tax credit to qualifying taxpayers with an income of $27,500 or less, or $30,000 in the case of a homestead owned and occupied by a claimant for the entire year. This act increases such maximum income to $32,500, or $40,000 in the case of a homestead owned and occupied by a claimant for the entire year. (Section 135.030) This act is substantially similar to SB 822 (2024), SB 930 (2024), HCS/HB 1428 (2024), HB 1670 (2024), HB 1939 (2024), HB 2050 (2024), HB 666 (2023), and HCS/HB 1134 (2023), and to provisions in HB 1636 (2024), SS/SCS/SB 15 (2023), HCS/SS/SB 143 (2023), HCS/SB 247 (2023), and HB 1351 (2023). JOSH NORBERG |
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Comments: |
No comments.
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Last Action: |
02/17/2025
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- Referred to committee - Senate-Local Government, Elections, and Pensions
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SB607 - Sen. Tracy McCreery (D) - Authorizes a tax credit for certain volunteer drivers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | SB 607 - For all tax years beginning on or after January 1, 2026, this act authorizes a taxpayer to claim a tax credit in an amount equal to federal mileage reimbursement rate, but not to exceed $3,000, for providing qualified transportation as a volunteer driver, as such terms are defined in the act, for a not-for-profit organization. The amount of the tax credit shall be adjusted annually for inflation. Tax credits authorized by the act shall not be refundable and shall not be transferred, sold, or assigned, but may be carried forward for three tax years. A taxpayer shall not claim a credit for any miles driven to the extent the taxpayer has claimed a deduction or any other tax benefit for federal tax purposes, or for which the taxpayer has received reimbursement from a qualified organization. The total amount of tax credits authorized by the act shall not exceed $1 million in any fiscal year, with such amount adjusted annually for inflation. This act shall sunset on December 31, 2031, unless reauthorized by the General Assembly. This act is substantially similar to SB 1386 (2024). JOSH NORBERG |
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Comments: |
No comments.
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Last Action: |
03/13/2025
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- Referred to committee - Senate-Economic and Workforce Development
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SB651 - Sen. David Gregory (R) - Exempts persons aged sixty-five or older from income tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | SB 651 - For all tax years beginning on or after January 1, 2026, this act exempts all persons aged 65 or older from Missouri state income tax. JOSH NORBERG |
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Comments: |
No comments.
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Last Action: |
04/08/2025
S
- Removed from Senate Hearing Agenda - 4/9/25 - 10:15 am - SCR 1 - Senate-Economic and Workforce Development
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HB518 - Rep. Mark Matthiesen (R) - Modifies the "circuit breaker" tax credit by increasing the maximum upper limit and property tax credit amounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | This bill amends statutes related to the Senior Citizens Property Tax Relief, also known as the Circuit Breaker tax credit. The tax credit is available to eligible senior citizens and disabled veterans for a portion of their real estate taxes or rent that such individuals have paid for the year. Currently the tax credit is limited to qualifying taxpayers with an income of $30,000 or less in the case of a homestead owned and occupied by a claimant for the entire year. An additional exemption of $4,000 is provided when a qualifying taxpayer's spouse resides at the same address, bringing the total credit to $34,000 for a married homestead owner. Currently, the tax credit is further limited to qualifying taxpayers with an income of $27,000 or less in the case of a renter. An additional exemption of $2,000 is provided when a qualifying taxpayer's spouse resides at the same address, bringing the total credit to $29,200 for a married renter. This bill increases the maximum income levels in the following manner: For an unmarried homeowner: from $30,000, now $42,200; For a married homeowner: the additional exemption is increased from $4,000 to $5,800, making the total credit now $48,000; For an unmarried renter: from $27,000, now $38,200; For a married renter: the additional exemption is increased from $2,000 to $2,800, making the total credit now $41,000. Beginning January 1, 2027, the maximum upper limits will be increased annually for inflation based on the Consumer Price Index. Currently, the tax credit is set at a maximum of $1,100 in actual property taxes paid for a homeowner, and a maximum of $750 in rent constituting property taxes actually paid for renters. This bill increases the maximum amount of the tax credit in the following manner: For a homeowner: from $1,100, now $1,550; For a renter: from $750, now $1,055. If the income on a return is over the minimum base but not over the maximum upper limit, the property tax must be in increments of $25 and the income in increments of $495. This bill is the same as HB 1670 (2024)and similar to HCS HB 1134 (2023); HB 135 (2023). |
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Comments: |
No comments.
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Last Action: |
01/09/2025
H
- Read Second Time
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HB577 - Rep. Emily Weber (D) - Modifies provisions for senior housing subsidies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | This bill adds senior rental housing projects to the projects for which the owner is eligible for subsidies from the Missouri Housing Development Commission. In order to be eligible, an owner must enter into an agreement with the state or local agency to ensure that the owner is not: (1) Charging or attempting to charge rent at a senior rental housing project in excess of those deemed affordable to low income families for 30% of units becoming available to new tenants following vacation of a subsidized unit by previous tenants. (2) Charging or attempting to charge rent in excess of those deemed affordable to moderate income families for 30% of the subsidized units becoming available following vacation by previous tenants. (3) Charging or attempting to charge rent in excess of those deemed affordable to middle income senior tenants for the remaining 40% of the subsidized units becoming available following vacation by previous tenants. Following any vacation of a middle income senior unit by its occupants, the owner must rent the unit to a tenant that qualifies as a middle income senior tenant on its initial occupancy of the unit. This bill is the same as HB 2039 (2024) and HB 1304 (2023). |
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Comments: |
No comments.
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Last Action: |
01/08/2025
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- Read First Time
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HB772 - Rep. Bill Allen (R) - Modifies the "circuit breaker" tax credit by increasing the maximum upper limit and property tax credit amounts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | Currently, a tax credit is offered to eligible senior citizens and disabled individuals for a portion of the real estate taxes or rent they have paid for the year. The credit is for a maximum of $750 for renters and $1,100 for owners who occupied their home. The actual credit is based on the amount of real estate taxes or rent paid and total household income. Beginning January 1, 2026, the tax credit for renters shall be increased to $1,055. For homeowners, the tax credit shall be increased to $1,550. Beginning January 1, 2027, these totals shall be increased annually for inflation. This bill also increases the maximum upper limits of qualifying income for both renters and homeowners. Beginning January 1, 2026, the following maximum upper limits shall be established: (1) For an unmarried renter, $38,200; for a married renter, $41,000; and (2) For an unmarried homeowner, $42,200; for a married homeowner, $48,000. Beginning January 1, 2027, these totals shall be increased annually for inflation. This bill also gives qualifying taxpayers a larger reimbursement of the tax credit by increasing the incremental phase out from $300 to $495. This bill is the same as HB 1134 (2023) and similar to HB 135 (2023). |
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Comments: |
No comments.
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Last Action: |
01/09/2025
H
- Read Second Time
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HB1061 - Rep. Marlene Terry (D) - Modifies provisions related to the "circuit breaker" property tax credit, reenacts the "Missouri Homestead Preservation Tax Credit Program", and implements a homestead exemption for certain individuals | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | This bill amends statutes related to senior citizens property tax relief, also known as the Circuit Breaker tax credit. This tax credit is available to eligible senior citizens and disabled veterans for a portion of their real estate taxes or rent that such individuals have paid for the year. Currently, the tax credit is limited to qualifying taxpayers with an income of $30,000 or less in the case of a homestead owned and occupied by a claimant for the entire year. An additional exemption of $4,000 is provided when a qualifying taxpayer's spouse resides at the same address, bringing the total credit to $34,000 for a married homestead owner. Currently, the tax credit is further limited to qualifying taxpayers with an income of $27,200 or less in the case of a renter. An additional exemption of $2,000 is provided when a qualifying taxpayer's spouse resides at the same address, bringing the total credit to $29,200 for a married renter. Beginning January 1, 2026, this bill increases the maximum income levels in the following manner: For an unmarried homeowner: from $30,000, now $42,200; For a married homeowner: the additional exemption is increased from $4,000 to $5,800, making the total credit now $48,000; For an unmarried renter: from $27,200, now $38,200; For a married renter: the additional exemption is increased from $2,000 to $2,800, making the total credit now $41,000. Beginning January 1, 2027, the maximum upper limits will be increased annually for inflation based on the percentage increase in inflation as calculated annually for the Missouri income tax brackets. Currently, the tax credit is set a maximum of $1,100 in actual property taxes paid for a homeowner, and a maximum of $750 in rent constituting property taxes actually paid for renters. This bill increases the maximum amount of the tax credit in the following manner: For a homeowner: from $1,100, now $1,550; For a renter: from $750, now $1,055. Beginning January 1, 2027, the maximum property tax credits will be increased annually for inflation based on the percentage increase in inflation as calculated annually for the Missouri income tax brackets. If the income on a return is over the minimum base but not over the maximum upper limit, the property tax shall be in increments of $25 and the income in increments of $495. Beginning January 1, 2026, this bill provides a tax exemption for senior citizens or for disabled individuals who: (1) Have reached the age of 65 as of January 1st of the determining odd-numbered year; (2) Are the owners of a home used as their primary residence; (3) Are liable for real property taxes on the property; and (4) Have a total household income of $125,000 or less. Qualifying taxpayers are eligible for an annual tax exemption for property that is used as a homestead equal to 100% of the tax assessed on their homestead. Each eligible homeowner who has been granted an exemption must reapply on an annual basis, as specified in the bill. A qualifying taxpayer shall not claim the tax credit if the taxpayer has also claimed the Senior Citizen Property Tax Relief tax credit, known as the Circuit Breaker, for the same tax year. The tax credit is refundable, but shall not be transferred, sold, or assigned. This program sunsets December 31st, six years after the effective date. This bill establishes "The Missouri Homestead Preservation Act". Beginning January 1, 2026, if the property tax liability on any residential real estate has increased by more than the homestead exemption, an eligible property owner will receive a homestead exemption credit toward the current tax year to offset the prior year increase in tax liability that exceeds the homestead exemption limit. Applications for the homestead exemption must be completed no earlier than April 1st and not later than October 15th. On the application, the applicant must attest under penalty of perjury: (1) To the applicant's age, which shall be 65 years or older; (2) That the applicant's prior year income was less than the maximum upper limit, which is to be calculated at $70,000 based on the 2005 calendar year, and increased each successive calendar by the incremental increase in the general price level; (3) To the address of the homestead property; and (4) That any improvements made to the homestead did not total more than 5% of the assessed value, unless the improvement was made in order to accommodate a disabled person. The application must include copies of property tax payments for the last three years for the homestead property. Upon receipt of the application, the State Tax Commission will calculate the tax liability and verify all other required information. The Commission will calculate the level of appropriation necessary to set the homestead exemption limit at 5% when based on a general assessment year, and at 2.5% when based on a year without general assessment. Appropriation for the funding of the homestead exemption is set annually by the General Assembly, as specified in the bill. After the apportionment percentage is determined, the Commission will calculate the credit to be associated with each verified eligible owner's homestead. The Commission must inform the eligible owners in the manner provided in the bill. In the event that an eligible owner dies or transfers ownership of the property after the homestead exemption limit has been set, but on or before December 31st of the year in which the credit would otherwise be applied, the credit is void and any corresponding moneys will lapse to the state and credited to the General Revenue Fund. This program sunsets December 31st, six years after the effective date. This bill is similar to HB 1636 (2024) and similar to HB 1351 (2023). |
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Comments: |
No comments.
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Last Action: |
01/28/2025
H
- Read Second Time
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HB1093 - Rep. Kemp Strickler (D) - Modifies the "Senior Citizens Property Tax Relief Credit" | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | Currently, a qualified senior citizen or disabled veteran may receive a tax credit based on the taxpayer's income and property tax liability. This bill increases the amount to be deducted from the taxpayer's Missouri adjusted gross income from $2,000 to $2,800. For qualified taxpayers who owned and occupied their residence for the entire year, the amount to be deducted increases from $4,000 to $5,800. This bill increases the maximum tax credit for rent constituting property taxes actually paid from $750 to $1,055, and increases the maximum credit for actual property tax paid from $1,100 to $1,550. Both increases to the maximum credits will be adjusted annually for inflation. Currently, the tax credit is limited to a qualified senior citizen or disabled veteran with an income of $27,500 or less, or in the case of a qualified taxpayer who owns and occupies their homestead for the entire year with an income of $30,000. This bill increases income levels for qualifying taxpayers as follows: (1) For taxpayers filing as single, $38,200; (2) For taxpayers filing as single and who own and occupy a homestead for the entire year, $42,200; (3) For taxpayers filing as married combined, $41,000; (4) For taxpayers filing as married combined and who own and occupy a homestead for the entire year, $48,000. The income increases will be adjusted annually for inflation. This bill is the same as SB 64 (2025) . |
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Comments: |
No comments.
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Last Action: |
01/29/2025
H
- Read Second Time
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HB1236 - Rep. Marlene Terry (D) - Authorizes a tax credit for certain volunteer drivers | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | For all tax years beginning on or after January 1, 2026, this bill authorizes a taxpayer to claim a tax credit in an amount equal to federal mileage reimbursement rate, but not to exceed $3,000, for providing qualified transportation as a volunteer driver, as defined in the bill, for a not-for-profit organization. The amount of the tax credit must be adjusted annually for inflation. Tax credits authorized by the bill are not refundable and cannot be transferred, sold, or assigned, but may be carried forward for three tax years. A taxpayer cannot claim a credit for any miles driven to the extent the taxpayer has claimed a deduction or any other tax benefit for federal tax purposes, or for which the taxpayer has received reimbursement from a qualified organization. The total amount of tax credits authorized by the bill must not exceed $1 million in any fiscal year, with the amount adjusted annually for inflation. This bill sunsets on December 31, 2031. This bill is the same as SB 607 (2025). |
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Comments: |
No comments.
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Last Action: |
02/10/2025
H
- Read Second Time
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HJR19 - Rep. Marlene Terry (D) - Proposes a constitutional amendment that reduces property tax assessments on senior citizens and disabled persons by fifty percent | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | Upon voter approval, beginning January 1, 2027, this proposed Constitutional amendment provides that residential property will be assessed at 50 percent of the value at which such property would otherwise be assessed if the property owner is: (1) Age 65 years or older; or (2) An individual who is permanently disabled under Federal law or the laws of this state; and (3) Has a Missouri taxable income for the most recently completed income tax year before the date of property tax assessment of $50,000 or less, or $75,000 or less if such taxpayer is married and filing jointly. This bill is the same as HJR 85 (2024) and similar to HJR 5 (2023). |
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Comments: |
No comments.
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Last Action: |
01/09/2025
H
- Read Second Time
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HJR42 - Rep. Bill Lucas (R) - Proposes a constitutional amendment authorizing a real property tax exemption for certain senior citizens | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | Upon voter approval, this Constitutional amendment, exempts age- qualified individuals with certain levels of income from real property tax. A taxpayer is deemed age-qualified if he or she is: (1) Sixty-five years of age or older; (2) A current resident of Missouri; and (3) A resident for 10 or more consecutive years. If the age-qualified individual has a Missouri adjusted gross income of $150,000 or less, or a combined Missouri adjusted gross income of $200,000 or less if the age-qualified individual is married, then he or she will be exempt from real property taxes. The real property tax exemption will extend to the spouse of an age-qualified individual if the spouse is: (1) Fity-five years of age or older; (2) A resident of Missouri for 10 or more consecutive years; and (3) Maintaining the same residence as the age-qualified individual. |
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Comments: |
No comments.
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Last Action: |
01/09/2025
H
- Read Second Time
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HJR75 - Rep. Jeremy Dean (D) - Proposes a constitutional amendment relating to property tax exemptions for certain seniors | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary: | Upon voter approval, this Constitutional amendment exempts from any real or personal property tax any individual 65 years or older that has a Missouri taxable income of 156% of the federal poverty guideline, or less, and total personal property valued at less than $250,000. This bill is the similar to HJR 82 (2024) and HJR 15 (2023). |
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Comments: |
No comments.
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Last Action: |
01/29/2025
H
- Read Second Time
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