Loading chat...
MO SB541
Bill
Status
Introduced
1/8/2014
Primary Sponsor
Brian Munzlinger
Click for details
AI Summary
- Repeals and replaces sections 135.010 and 135.035 of Missouri Revised Statutes relating to property tax credits for seniors and disabled individuals
- Restricts eligibility for the property tax credit to persons aged 65 or older, 100% disabled veterans, or disabled individuals meeting specific criteria
- Defines "rent constituting property taxes accrued" as 20% of gross rent paid by claimants and their spouses during the calendar year
- Eliminates rent-based property tax credits for any person first becoming eligible to claim the credit on or after January 1, 2014, while allowing existing claimants to continue receiving rent-based credits
- Maintains eligibility requirements including Missouri residency for the entire year and proof of age or disability status as required by the director of revenue
Legislative Description
Eliminates the renter's portion of the Senior Citizens Property Tax Credit for persons first qualifying after January 1, 2014
Last Action
Second Read and Referred S Jobs, Economic Development and Local Government Committee
1/15/2014
Committee Referrals
Jobs, Economic Development And Local Government1/15/2014
Full Bill Text
No bill text available