MO HB102

Reauthorizes the Missouri Homestead Preservation Act (Section 137.106, RSMo) to provide homestead exemption credits for eligible senior and disabled homeowners whose property tax liability increases beyond a set threshold

Eligibility requires owners to be age 65 or older, or disabled, with prior-year income not exceeding a maximum limit (starting at $70,000 in 2005, adjusted annually for inflation)

Requires applicants to file between April 1 and October 15 annually, attesting under penalty of perjury to age, income, property improvements, and providing receipts showing three years of prior property tax payments

Homestead exemption credit calculation based on property tax increases that exceed a specified percentage (5% in reassessment years, 2.5% in non-reassessment years), with credit amount dependent on annual legislative appropriation

Changes sunset provision from automatic expiration six years after effective date to four-year reauthorization cycles under Missouri sunset act procedures, with program terminating September 1 following final sunset date