MO SB675

Eliminates the "rent constituting property taxes accrued" provision that previously allowed renters to claim 20% of gross rent paid as a property tax credit, capping it at $750.

Removes the definition of "gross rent" and related regulatory requirements for landlord-tenant rent certification previously included in the statute.

Modifies the property tax credit calculation to account only for actual property taxes paid, with a maximum credit of $1,100 for those with income not exceeding the minimum base amount.

Maintains eligibility requirements for seniors (age 65+), disabled persons, 100% disabled veterans, and surviving spouses receiving Social Security benefits.

Preserves income thresholds with a maximum upper limit of $27,500 for most claimants (increased to $30,000 for owner-occupied homesteads) and a minimum base of $14,300 beginning January 1, 2008.