Bill > HB1480

This bill modifies the Senior Citizens Property Tax Relief Credit by updating several key provisions for property tax credits available to senior citizens, disabled veterans, and other qualifying individuals. The bill changes income exemption amounts, increasing them from $2,000 to $2,800 for calendar years starting January 1, 2026, and adjusts the maximum upper income limits for claiming the credit. For homeowners, the maximum upper limit will increase from $30,000 to between $38,200 and $48,000 depending on filing status, with different amounts for single filers and married couples filing combined returns. The bill also introduces annual inflation adjustments beginning in 2027 based on the Consumer Price Index for All Urban Consumers. Additionally, the maximum property tax credit amount will increase from $750 in rent or $1,100 in actual property taxes to $1,055 in rent or $1,550 in actual property taxes for calendar years starting January 1, 2026. The changes aim to provide more comprehensive tax relief for seniors and disabled veterans by increasing the income thresholds and credit amounts, and ensuring the credit keeps pace with inflation.

https://house.mo.gov/Bill.aspx?bill=HB1480&year=2025&code=R