Bill > HB671

This bill authorizes the Missouri Homestead Preservation Act, which allows eligible homeowners who are 65 years of age or older or disabled, and have an income below a certain limit, to receive a homestead exemption credit to offset increases in their property tax liability that exceed a specified percentage. The bill outlines the application process, eligibility requirements, and administration of the credit by the Department of Revenue. The program is subject to appropriation by the General Assembly and will automatically sunset after six years unless reauthorized.