Bill > HB2588

This bill establishes the "Missouri Disabled Veterans Homestead Tax Credit Act", which allows counties to offer a property tax credit for severely disabled veterans. Specifically, the bill defines a "disabled veteran" as a Missouri resident who has been honorably discharged from military service and has a 100% permanent and total disability rating from the U.S. Department of Veterans Affairs. Counties can choose to participate in the program, and if they do, eligible veterans can receive a tax credit equal to the full amount of real property taxes levied on their primary residence, up to a home value of $500,000. The credit applies only to one property per veteran per tax year and does not reduce the property's assessed value. The credit can be transferred to a surviving spouse who continues to live in the home and has not remarried. Importantly, veterans receiving this credit cannot claim other property tax relief programs simultaneously, and the credit is not refundable or transferable beyond the surviving spouse provision. The program is optional for both counties and individual veterans, with counties able to opt in or rescind participation before the next general property reassessment. The bill is set to take effect for tax years beginning on or after January 1, 2027.

Military Affairs and Security

https://house.mo.gov/Bill.aspx?bill=HB2588&year=2026&code=R