Bill > HB3543

This bill authorizes counties to grant a property tax exemption for disabled veterans on their primary residence, known as a "qualified residence," which includes the home and up to five acres of surrounding land not used for commercial purposes. A "disabled veteran" is defined as a Missouri resident who served in the U.S. Armed Forces or National Guard, was honorably discharged, and has a service-connected disability rated at 100% total disability, or compensated at that level due to unemployability, or is entitled to specific statutory awards from the U.S. Department of Veterans Affairs for severe physical impairments. The exemption, effective for tax years beginning on or after January 1, 2027, will be for the greater of $32,500 or the maximum amount allowed under federal law, and this exemption can extend to the veteran's unremarried surviving spouse or minor children. To offset lost tax revenue, counties can implement a countywide replacement sales tax, but this can only be done if voters approve both the property tax exemption and the sales tax. The bill also includes provisions for the sunsetting of this exemption after six years unless reauthorized by the general assembly.

https://house.mo.gov/Bill.aspx?bill=HB3543&year=2026&code=R