Bill > HB3115

This bill modifies provisions related to homestead property tax credits, which are tax reductions for homeowners on their primary residences. It redefines "five percent counties" and "zero percent counties" based on specific population and county seat size criteria, and introduces a new definition for "eligible credit amount" which is the difference between a taxpayer's current property tax liability and their liability in the "initial credit year" (2024). The bill specifies how this credit amount can increase over time, with limitations for "five percent counties" and stricter limits for "zero percent counties," while also accounting for increases due to new construction or annexation into new taxing districts. Importantly, this bill requires counties to put the question of whether to grant these property tax credits to voters in the April 2026 municipal election, and if approved, the credit will be applied to property tax bills. It also includes provisions for counties that transition from "five percent" to "zero percent" status in 2028 to re-submit the credit question to voters.

Budget and Finance

https://house.mo.gov/Bill.aspx?bill=HB3115&year=2026&code=R