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MO HB2392

Bill

Official Source

Status

Introduced

3/25/2010

Primary Sponsor

Rick Stream

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Changes the Missouri Homestead Preservation Act from optional ("may be known") to mandatory ("shall be known") authorization
  • Extends the sunset date of the homestead exemption program from the original automatic sunset to December 31, 2016, with potential reauthorization to December 31, 2022
  • Allows eligible owners (age 65+, disabled, or meeting income requirements) to receive property tax credits when their homestead property tax liability increases beyond specified thresholds
  • Requires applications to be filed between April 1 and October 15 annually, with applicants attesting to age, income, property address, and improvement limitations under penalty of perjury
  • Establishes a process for the Department of Revenue to verify eligibility, calculate credits, and direct state funds to county collectors to offset approved homestead exemption credits

Legislative Description

Reauthorizes the provisions regarding the Missouri Homestead Preservation Act and extends the expiration date until December 31, 2016

Last Action

Referred: Ways and Means (H)

5/14/2010

Committee Referrals

Ways And Means5/14/2010

Full Bill Text

No bill text available