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MO HB894
Bill
Status
3/26/2013
Primary Sponsor
Jeremy LaFaver
Click for details
AI Summary
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Repeals and reenacts sections 135.025 and 135.030 of Missouri Revised Statutes relating to senior citizens property tax relief.
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Increases the maximum property tax credit cap for homeowners from $1,100 to $1,375 in actual property tax paid, effective for calendar years beginning January 1, 2014.
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Increases the maximum rent constituting property taxes cap for renters from $750 to $937.50 in actual rent paid, effective for calendar years beginning January 1, 2014.
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Requires the Department of Revenue to identify taxpayers who may qualify for the property tax credit and notify them of their potential eligibility.
Legislative Description
Increases the maximum amount of the property tax credit, commonly known as the circuit breaker, by 25% for both homeowners and renters
Last Action
Referred: Ways and Means(H)
5/17/2013