Bill > HB1419

This bill authorizes the "Missouri Disabled Veterans Homestead Exemption," which provides an annual property tax exemption for veterans with a service-connected disability of 30% or more. The exemption amount ranges from $2,500 to 100% of the assessed property tax, depending on the level of the veteran's disability. The exemption also extends to the surviving spouse of a veteran whose death was service-connected. The bill establishes eligibility criteria, application procedures, and rulemaking authority for the State Tax Commission to administer the exemption. The exemption is effective for tax years beginning on or after January 1, 2024, and is subject to periodic legislative reauthorization.