HB 1950 -- Limitation on Assessed Valuation for the Elderly and
Disabled

Sponsor:  Nolte

This bill limits the increase in assessed valuation of
residential property by the percentage of increase in federal
Social Security benefits for taxpayers 65 years of age or older
or who are disabled and own and live in their principal
residence.  The state will reimburse the political subdivision
based on the State Auditor's determination of lost revenue from
the limitation.

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 9:45 am