MO HB1863

Repeals and re-enacts section 135.010, RSMo, relating to property tax credits and their definitions.

Expands eligibility for property tax credits to include claimants who rent a homestead located in any tax-free housing unit.

Defines "claimant" as a person or persons eligible for the credit if they meet age requirements (65+), disability status, veteran status, or surviving spouse requirements, or if they rent in a tax-free housing unit.

Establishes definitions for key terms including "homestead," "gross rent," "disabled," "income," and "property taxes accrued" for purposes of calculating tax credits.

Specifies that "rent constituting property taxes accrued" equals twenty percent of the gross rent paid by a claimant and spouse during the calendar year.