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MO HB2588
Bill
Status
1/7/2026
Primary Sponsor
Mike Jones
Click for details
AI Summary
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Counties may opt to provide a real property tax credit equal to 100% of property taxes (excluding state blind pension fund levy) for disabled veterans with a 100% permanent and total VA disability rating, effective January 1, 2027
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Eligible properties must be the veteran's primary residence with a market value not exceeding $500,000 and no more than 5 acres of surrounding land
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The tax credit transfers to a surviving spouse who maintains ownership, permanent residence, and does not remarry
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Credits are non-refundable, non-transferable, and cannot be combined with other property tax relief programs under Chapter 135 or 137
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County participation requires majority vote of the governing body; individual veterans must also opt in by notifying the local collector's office
Legislative Description
Establishes the "Missouri Disabled Veterans Homestead Tax Credit Act", authorizing counties to adopt a real property tax credit for certain disabled veterans who own a homestead
Last Action
Public Hearing Completed (H)
3/3/2026