Bill > HB1093

This bill modifies the Senior Citizens Property Tax Relief Credit by updating several key provisions for property tax credits available to seniors, disabled individuals, and veterans. The bill introduces changes to income thresholds, maximum credit amounts, and eligibility requirements, with most significant modifications taking effect on January 1, 2026. Starting in 2026, the bill increases the maximum upper income limit for credit eligibility and adjusts the credit calculation, with different thresholds for single and married filers. The bill also introduces annual inflation adjustments for credit amounts based on the Consumer Price Index, ensuring the credit keeps pace with economic changes. Eligibility remains focused on seniors aged 65 or older, disabled individuals, veterans with 100% service-connected disabilities, and surviving spouses receiving Social Security benefits. The bill maintains the core intent of providing property tax relief to qualifying seniors and vulnerable populations, but updates the financial parameters to provide potentially more substantial support. Additionally, the legislation requires the Department of Revenue to proactively identify and notify potentially eligible taxpayers who have not yet applied for the credit.

https://house.mo.gov/Bill.aspx?bill=HB1093&year=2025&code=R