HB1870 Creates the Missouri Homestead Preservation Act.
Sponsor: Hendrickson, Carl (97) Effective Date:01/01/2001
CoSponsor: LR Number: 3958L.01I
Last Action: 02/10/2000 - Referred: Ways and Means (H)
HB1870
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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Available Bill Summaries for HB1870 Copyright(c)
* Introduced

Available Bill Text for HB1870
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1870 -- Property Tax:  Homestead Exemption

Sponsor:  Hendrickson

This bill creates the Missouri Homestead Preservation Act.  The
act limits the increase of the assessed value of any real
property owned by a taxpayer who is 65 years of age or older to
the increase in the Consumer Price Index.  The property must be
used as a homestead and the limitation does not include
improvements or new construction.

The bill will become effective January 1, 2001.


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Last Updated October 5, 2000 at 11:35 am