MO HB3526

Raises the eligible age for the homestead property tax credit from 62 to 65 years old as of January 1st of the applicable tax year

Expands income eligibility to include recipients of Social Security retirement or disability benefits, or VA benefits related to veteran status, retirement, or service-related disability, regardless of income level (alternative to the existing $75,000 household income threshold)

Makes the property tax credit mandatory for all Missouri counties, eliminating the previous requirement for counties to opt in through ordinance or voter referendum

Requires counties to create a simple one-page application, maintain records of eligible taxpayers and credits granted, and notify participants annually of continued eligibility

Requires the state, subject to appropriation, to reimburse political subdivisions for any revenue decreases resulting from the credit program under Article X, Section 6(a) of the Missouri Constitution