CCS HS HCS SS SCS SB 730 -- HOMESTEAD PRESERVATION ACT

This bill creates the Missouri Homestead Preservation Act which
allows a person who is at least 65 and has a federal adjusted
gross income of less than $70,000 or is disabled to obtain a tax
credit for increases in his or her property taxes which exceed 5%
in a reassessment year or 2.5% in a non-reassessment year.  Tax
credits will be applied to the following year's property taxes
and will be funded by state appropriation.

The provisions of the bill will expire six years from the
effective date.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:16 am