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MO HB192

Bill

Official Source

Status

Introduced

1/16/2013

Primary Sponsor

Margo McNeil

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Repeals and reenacts section 135.030 of Missouri law regarding senior citizens property tax relief credit calculations
  • Increases the minimum base income threshold from $14,300 to $16,000 for calendar years beginning on or after January 1, 2014
  • The minimum base remains at $14,300 for calendar years between January 1, 2008 and December 31, 2013
  • Affects the property tax credit calculation table by raising the income level at which seniors begin to receive reduced percentage-based credits
  • Requires the Director of Revenue to prescribe updated credit tables based on the new minimum base threshold

Legislative Description

Increases from $14,300 to $16,000 the minimum base used to calculate the Senior Citizens Property Tax Credit, commonly known as circuit breaker

Last Action

Referred: Ways and Means(H)

5/17/2013

Committee Referrals

Ways And Means5/17/2013

Full Bill Text

No bill text available