HB 903 -- Circuit Breaker

Sponsor:  Fares

This bill changes the 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)  Increases the amount of exemption allowed for a married
couple from $2,000 to $4,000;

(2)  Increases the maximum income allowed to claim a credit from
$25,000 to $30,000; and

(3)  Increases the minimum base from $13,000 to $18,000.  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 11:14 am