Bill > HB2362

This bill establishes the "Disabled Veteran Property Tax Relief Act", which creates a property tax exemption for disabled veterans in Missouri. The bill defines a disabled veteran as a Missouri resident who has served in the U.S. Armed Forces, has a certified disability rating from the Department of Veterans Affairs, and owns their primary residence. Starting January 1, 2027, veterans will receive a property tax reduction proportional to their disability rating: veterans with less than 100% disability will have their property taxes reduced by the same percentage as their disability rating, while veterans with a 100% disability rating will receive a full 100% property tax exemption on their primary residence. To qualify, veterans must annually submit an application to their local assessor by April 1st, including documentation of their disability rating and proof of home ownership. The exemption can also be transferred to a surviving spouse who continues to live in the home and has not remarried, maintaining the same proportional exemption. The bill includes provisions to prevent fraud, with penalties for knowingly providing false information, and includes a six-year sunset provision requiring reauthorization by the state legislature. The tax exemption does not affect the overall process of setting local tax rates and aims to provide financial relief for disabled veterans.

Military Affairs and Security

https://house.mo.gov/Bill.aspx?bill=HB2362&year=2026&code=R