Bill > HB842

This bill authorizes the Missouri Homestead Preservation Act, which provides a homestead exemption credit to eligible homeowners aged 65 or older, or those with disabilities, whose property tax liability increased by more than a certain percentage (the "homestead exemption limit") from the prior year. Eligible owners must have an income below a specified maximum upper limit and have paid their property taxes in full for the previous three years. The bill outlines the application process, eligibility requirements, and administrative procedures for the credit, which is subject to state appropriations. The provisions of this act will automatically sunset after six years unless reauthorized by the General Assembly.

Budget and Finance

https://www.house.mo.gov/Bill.aspx?bill=HB842&year=2023&code=R