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MO HB2661

Bill

Status

Introduced

3/2/2016

Primary Sponsor

John Rizzo

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • 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)

  • 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

  • Removes outdated transitional provisions from the original 2005 implementation, streamlining the application process for current use

  • Extends the application deadline from September 30 to October 15 annually for eligible property owners seeking the homestead exemption credit

  • 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

Committee Referrals

Ways And Means5/13/2016

Full Bill Text

No bill text available