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MO HB2661
Bill
Status
3/2/2016
Primary Sponsor
John Rizzo
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AI Summary
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Reauthorizes the Missouri Homestead Preservation Act, which provides property tax credits to eligible homeowners age 65+ or disabled with income at or below $70,000 (adjusted annually for inflation)
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Changes the Act's citation language from permissive ("may be known") to mandatory ("shall be known") and updates application dates to begin January 1, 2018
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Removes outdated transitional provisions from the original 2005 implementation, streamlining the application process for current use
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Extends the application deadline from September 30 to October 15 annually for eligible property owners seeking the homestead exemption credit
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Program automatically sunsets six years after the effective date and requires General Assembly appropriation each year for any credits to be issued
Legislative Description
Reauthorizes the Missouri Homestead Preservation tax credit program
Last Action
Referred: Ways and Means(H)
5/13/2016