Bill > HB552

This bill establishes the "Missouri Disabled Veterans Homestead Exemption" which provides property tax exemptions for disabled veterans and their surviving spouses. The exemption applies to qualified residences (primary homes valued under $250,000) and varies based on the veteran's service-connected disability rating: veterans with a 50-70% disability rating receive a $2,500 annual exemption, those with 70-99% disability receive a $5,000 exemption, and veterans with 100% disability receive a full 100% tax exemption. The exemption also extends to surviving spouses of service-connected deceased veterans who receive dependency and indemnity compensation, and they can continue to receive the exemption as long as they own the home and do not remarry. Veterans with a 100% permanent disability rating will only need to apply for the exemption once, while others must reapply annually. The exemption becomes effective for tax years beginning January 1, 2026, and will automatically sunset after six years unless reauthorized by the state legislature. The bill aims to provide financial relief for disabled veterans and their families by reducing their property tax burden.

https://house.mo.gov/Bill.aspx?bill=HB552&year=2025&code=R