MO SB73

Reauthorizes the Missouri Homestead Preservation Act beginning January 1, 2016, providing property tax credits to eligible homeowners who are 65 or older, disabled, or married couples meeting age requirements

Increases the income eligibility limit from $70,000 to $100,000, adjusted annually for inflation

Adds new requirement that properties with encumbrances (liens, mortgages) are disqualified from being considered a homestead

Removes the "homestead exemption limit" percentage threshold, allowing credits to offset the full prior year property tax increase rather than only increases exceeding a set percentage

Extends the program's automatic sunset period from 6 years to 10 years after the effective date