Bill > HB921

This bill introduces the "Disabled Veteran Property Tax Relief Act", which creates a property tax exemption for disabled veterans in Missouri. The bill defines a disabled veteran as a Missouri resident who has served in the U.S. Armed Forces, has a disability rating certified by the U.S. Department of Veterans Affairs, and owns and lives in their primary residence. Starting January 1, 2026, veterans will receive a property tax reduction proportional to their disability rating: those with less than 100% disability will have their property taxes reduced by the percentage of their disability rating, while veterans with a 100% disability rating will receive a full 100% property tax exemption on their primary residence. To claim the exemption, veterans must submit an annual application by April 1st with documentation verifying their disability rating and property ownership. The exemption can be transferred to a surviving spouse who continues to own and reside in the home, maintaining the same proportional reduction. The bill includes provisions to prevent fraud, with penalties for providing false information, and includes a sunset provision that will automatically terminate the law after six years unless reauthorized by the state legislature. The tax exemption does not affect the process of setting overall tax rates and is designed to provide financial relief to disabled veterans who have served the country.

https://house.mo.gov/Bill.aspx?bill=HB921&year=2025&code=R