HB 2044 -- Income Tax:  Circuit Breaker Tax Credit

Co-Sponsors:  Merideth, Holand

This bill changes elements of qualification and the amount of
credit allowed under the senior citizen/disabled person property
tax credit, commonly known as circuit breaker.  The bill:

(1)  Reduces the percentage of rent that may be claimed as
property tax for purposes of determining the credit from 20% to
10%;

(2)  Decreases the maximum income allowed to claim a credit from
$25,000 to $21,000; and

(3)  Decreases the maximum amount of credit that can be claimed
for each taxpayer from $750 to $700.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:03 am