Bill > HB1469

This bill modifies the "Senior Citizens Property Tax Relief Credit" by making several key changes to existing law. The bill updates income thresholds, property tax credit amounts, and maximum upper income limits for eligible seniors and disabled individuals. For calendar years ending on or before December 31, 2025, the income exemption remains at $2,000, but starting January 1, 2026, this changes to $2,800. The maximum property tax credit will increase from $1,100 to $1,550, and the rent equivalent credit will rise from $750 to $1,055. The bill also introduces new maximum upper income limits based on filing status, with different thresholds for single filers and married couples filing combined returns. Notably, the bill includes a provision for annual inflation adjustments beginning January 1, 2027, using the Consumer Price Index for All Urban Consumers for the Midwest Region. The changes aim to provide more comprehensive property tax relief for seniors, disabled individuals, and surviving spouses, with adjusted income and credit calculations to better reflect current economic conditions.

https://house.mo.gov/Bill.aspx?bill=HB1469&year=2025&code=R