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MO HB2535
Bill
Status
1/7/2026
Primary Sponsor
Don Mayhew
Click for details
AI Summary
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Creates the "Veterans and Gold Star Family Property Tax Relief Act" providing property tax exemptions beginning January 1, 2027 for disabled veterans (30%+ VA disability rating), Purple Heart recipients, and Gold Star spouses on their primary residence up to 5 acres
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Exemption amounts scale with disability rating: $3,000-$5,000 for 30-49% disability, $5,000-$10,000 for 50-69% disability or Purple Heart recipients, and 100% exemption for 70%+ disability or Gold Star spouses
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Establishes the "Veterans Property Tax Relief Fund" to reimburse counties for lost property tax revenue, funded by new taxes on tobacco and hemp products
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Imposes new taxes beginning January 1, 2027: additional 5 mills per cigarette, 10% excise tax on vapor products/alternative nicotine products/tobacco paraphernalia, 2% additional tax on non-cigarette tobacco products, and 10% tax on hemp-derived consumable products (edibles, vapes, tinctures containing THC/cannabinoids)
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Expands definitions in tobacco tax law to include alternative nicotine products and vapor products for taxation, licensing, and enforcement purposes under Chapter 149
Legislative Description
Authorizes a homestead tax exemption for certain veterans, and to offset lost property tax revenue, increases the cigarette tax and subjects alternative nicotine products, vapor products, tobacco paraphernalia, and hemp-derived consumable products to an excise tax
Last Action
Public Hearing Completed (H)
3/10/2026