HB 1467 -- Senior Tax Relief

Sponsor:  Sutherland

This bill changes the qualifications for and the amount of credit
allowed under the senior citizen/disabled person property tax
credit, commonly known as circuit breaker.  The bill renames the
program the Senior Citizens' Homestead Tax Relief Act.

The bill also:

(1)  Increases from $750 to $800 the maximum amount of property
tax credit;

(2)  Increases from $25,000 to $25,500 the maximum income allowed
to claim the credit and indexes the new amount by the increase in
the Consumer Price Index in increments of $50; and

(3)  Increases from $13,000 to $13,300 the minimum base and
indexes the new amount by the increase in the Consumer Price
Index in increments of $50.  The minimum base is the maximum
level of income at which the taxpayer receives as a credit all
property taxes paid up to the maximum of $750.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am