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MO HB983

Bill

Official Source

Status

Introduced

2/17/2015

Primary Sponsor

Jeremy LaFaver

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Increases the maximum property tax credit for homeowners from $1,100 to $1,375 beginning January 1, 2016
  • Increases the maximum rent equivalent credit for renters from $750 to $937.50 beginning January 1, 2016
  • Applies to senior citizens and disabled individuals with income at or below $27,500 ($30,000 for homeowners who owned and occupied for the entire year)
  • Maintains the existing income-based sliding scale where claimants with income at or below $14,300 receive the full credit, with benefits phasing out at higher income levels

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)

5/15/2015

Committee Referrals

Ways And Means5/15/2015

Full Bill Text

No bill text available