Bill > HB1483

This bill modifies the "Senior Citizens Property Tax Relief Credit" by updating several key provisions related to eligibility, income limits, and credit amounts. The bill changes the definition of eligible claimants to include seniors aged 60 or older who receive surviving spouse Social Security benefits, in addition to existing categories like those 65 and older, disabled veterans, and individuals with specific disabilities. The bill introduces new income exemption amounts and maximum upper income limits that vary based on filing status, with different thresholds for calendar years ending on or before December 31, 2025, and those beginning on or after January 1, 2026. The maximum property tax credit amounts will increase, with single filers and married couples filing combined having different credit limits. Notably, the bill includes a provision to adjust credit totals and income limits annually for inflation beginning January 1, 2027, using the Consumer Price Index for All Urban Consumers for the Midwest Region. The bill also updates the calculation method for determining property tax credits, changing the income increment levels and the percentage used to calculate credits for incomes between the minimum base and maximum upper limit.

https://house.mo.gov/Bill.aspx?bill=HB1483&year=2025&code=R