HB63I-SENIOR CITIZENS HOMESTEAD TAX RELIEF AC
Summary of the Introduced Bill

HB 63 -- Senior Citizens' Homestead Tax Relief Act

Sponsor:  Sutherland

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 program is
renamed the Senior Citizens' Homestead Tax Relief Act.  The bill
also: (1) increases from $25,000 to $25,500 the maximum income
allowed to claim the credit and indexes the new amount by the
increase in the Consumer Price Index in increments of $50; and
(2) increases from $13,000 to $13,300 the minimum base and
indexes the new amount by the increase in the Consumer Price
Index in increments of $50.  The minimum base is the maximum
level of income at which the taxpayer receives a credit for
property taxes paid up to the maximum of $800.

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Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:18 pm