HB 1215 -- Income Tax Credit for Real Property Tax Paid by the
Elderly or Disabled

Sponsor:  Fares

This bill authorizes, beginning January 1, 2007, a 50% tax credit
for the elderly or disabled who have lived in their home for at
least 20 years and who have spent at least 10% of their household
income on real property taxes.  The tax credit is refundable; and
taxpayers will not be able to claim this credit if they filed a
valid claim under Sections 135.030 or 137.106, RSMo, for the same
tax year.

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

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:42 am