HB 1365 -- Income Tax Credit for Real Property Taxes Paid by the
Elderly, Veterans, and Disabled

Sponsor:  Fares

Beginning January 1, 2009, this bill authorizes a 50% tax credit
of the property tax accrued or $1,500, whichever is less, for
persons 67 years of age or older, veterans, or disabled
individuals who have been Missouri residents for at least 25
years and have lived in their home for at least 20 years and who
have spent more than 10% of their household income on real
property taxes.  The tax credit is refundable.  Taxpayers will
not be able to claim this credit if they filed a valid claim
under Sections 135.010 - 135.030 or 137.106, RSMo, for the same
tax year.

The provisions of the bill will expire December 31 six years from
the effective date.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:10 pm