Summary of the Truly Agreed Version of the Bill

SCS SB 630 -- HOMESTEAD PRESERVATION ACT

This bill modifies the Homestead Preservation Act by including
eligibility for multiple, unmarried property owners.  The bill
specifies that in the case of joint ownership or tenancy by
unmarried persons, all owners will be considered eligible owners
if each person with an ownership interest individually satisfies
the eligibility requirements.  To qualify, the combined income of
all interest holders in the property must be less than the
maximum upper limit in the year prior to applying for the
homestead credit.  The filing deadline for the homestead tax
credit is changed from September 30 to October 15.

Copyright (c) Missouri House of Representatives

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Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:46 am