HB 544 -- Senior Citizens Property Tax Credit

Sponsor:  Zweifel

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:

(1)  Increases from $2,000 to $4,000 the amount of the exemption
allowed for a married couple;

(2)  Increases from $25,000 to $30,000 the maximum income allowed
to claim the credit; 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 a credit for all property taxes paid up to the maximum
of $750.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:19 pm