HB 1695 -- Senior Citizens and Disabled Persons 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.  Beginning January 1,
2009, the bill:

(1)  Increases from $27,500 to $32,000 the maximum income allowed
in order to claim the credit;

(2)  Increases from $14,300 to $18,000 the minimum income allowed
in order to claim the full credit;

(3)  Increases from $2,000 to $20,000 the amount of the exemption
allowed for a married couple; and

(4)  Increases the maximum credit amount from $750 to $1,500.

Beginning January 1, 2010, the bill indexes the upper and lower
income limits, spouse exemption, and maximum tax credit amount by
the same percentage increase in the federal poverty income
guidelines.

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