Summary of the Introduced Bill

HB 649 -- Income Tax Credit for the Elderly and Disabled for
Property Taxes Paid

Sponsor:  Fares

This bill authorizes, beginning January 1, 2006, a 50% tax credit
to the elderly and disabled who have lived in their home for at
least 10 years and who have spent at least 10% of their household
income on real property taxes.

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

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Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:20 pm