Summary of the Introduced Bill

HB 704 -- Income Tax Credit for Personal Property Taxes for the
Elderly

Sponsor:  Hoskins (80)

Beginning January 1, 2010, this bill authorizes a refundable
income tax credit for taxpayers 70 years of age or older for 50%
of the personal property taxes paid on motor vehicles they own.
The credit is not transferrable.

The provisions of the bill will expire December 31 six years from
the effective date.

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Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:25 am