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MO HJR42

MO HJR42
Proposes a constitutional amendment authorizing a real property tax exemption for certain senior citizens


summary

Introduced
01/08/2025
In Committee
05/15/2025
Crossed Over
Passed
Dead
05/16/2025

Introduced Session

2025 Regular Session

Bill Summary

Proposes a constitutional amendment authorizing a real property tax exemption for certain senior citizens

AI Summary

This joint resolution proposes a constitutional amendment to provide a property tax exemption for senior citizens in Missouri. Specifically, the amendment defines an "age-qualified individual" as a Missouri resident who is 65 years or older and has lived in the state for at least 10 consecutive years. Such individuals would be exempt from real property taxes if their Missouri adjusted gross income is $150,000 or less (or $200,000 or less for married couples). The exemption also extends to spouses who are at least 55 years old, have lived in Missouri for 10 consecutive years, and share the same residence. The proposed amendment would be submitted to voters at the next general election in November 2026 or at a special election called by the governor. If approved, this would modify the state's existing constitutional provisions on property tax exemptions, providing significant tax relief for qualifying senior citizens based on age and income criteria.

Sponsors (1)

Last Action

Referred: Emerging Issues(H) (on 05/15/2025)

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