MO HB230

Increases the maximum income limit for senior citizens property tax credit eligibility from $30,000 to $32,000 for homeowners who own and occupy their homestead for the entire year

Applies to all calendar years beginning on or after January 1, 2015

Maintains the existing credit structure: up to $1,100 for actual property tax paid or $750 for rent equivalent for those with income at or below the minimum base ($14,300)

Retains the sliding scale calculation where the credit percentage increases by 1/16 percent per $300 of income from 0% to 4%

Amends Section 135.030, RSMo, relating to Missouri's senior citizens property tax relief program (commonly known as the "circuit breaker" credit)