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MO HB944
Bill
Status
3/30/2011
Primary Sponsor
Delus Johnson
Click for details
AI Summary
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Lowers the age requirement for senior citizen property tax credits from 65 to 60 years old for all taxable years beginning January 1, 2011
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Lowers the age requirement for surviving spouses receiving Social Security benefits from 60 to 55 years old for all taxable years beginning January 1, 2011
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Increases the maximum property tax credit limits from $1,100 to $3,500 for actual property taxes paid and from $750 to $2,500 for rent constituting property taxes for taxable years beginning January 1, 2011
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Increases the maximum income limits and minimum base income thresholds used to calculate eligibility and credit amounts for taxable years beginning January 1, 2011
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Directs the Department of Revenue to proactively notify qualified taxpayers of their potential eligibility for the property tax credit if they have not applied
Legislative Description
Lowers the required age for a person to be eligible for a senior citizens property tax credit, commonly known as circuit breaker
Last Action
Referred: Ways and Means (H)
4/12/2011