Bill > HB593

This bill authorizes the Missouri Disabled Veterans' Homestead Exemption, which provides an annual property tax exemption for veterans with service-connected disabilities. The exemption amounts range from $2,500 to 100% of the assessed tax, depending on the disability rating. The exemption also extends to the surviving spouse of a veteran whose death was service-connected. The bill outlines the eligibility requirements, application process, and administrative details for implementing the exemption, which will apply to tax years beginning on or after January 1, 2024.