Bill > HB1533

This bill modifies the Senior Citizens Property Tax Relief Credit by updating several key provisions to provide enhanced tax relief for eligible seniors and disabled individuals. The bill adjusts income thresholds, property tax credit limits, and maximum upper income limits for different filing statuses. Specifically, for calendar years ending on or after January 1, 2026, the bill increases the maximum credit for actual property tax or rent paid, raises the maximum upper income limit for different filing statuses (ranging from $38,200 for single filers to $48,000 for married couples filing combined), and introduces annual inflation adjustments based on the Consumer Price Index. The bill maintains eligibility for seniors aged 65 or older, veterans with 100% disability, and other disabled individuals, while also clarifying rules for joint filing, residency requirements, and how various types of income are calculated. Additionally, the bill provides a mechanism for the Department of Revenue to proactively identify and notify potentially eligible taxpayers who have not yet applied for the credit, helping to ensure that qualifying individuals receive the tax relief they are entitled to.

https://house.mo.gov/Bill.aspx?bill=HB1533&year=2025&code=R