MO SB1336

Creates a $5,000 tax credit for first-time home buyers who purchase blighted properties, effective for tax years beginning on or after January 1, 2027

Eligible buyers must have no ownership interest in a principal residence during the prior three years and have income at or below affordable housing income limits

Properties must be vacant for at least six months, have been declared a dangerous building or have outstanding property maintenance code violations, and qualify for tax abatement under existing law

Buyers must agree to use the property as their principal residence for at least two years following rehabilitation, with the credit subject to recapture if this agreement is breached

The tax credit is non-refundable and non-assignable, with unused amounts carried forward up to five years; the program automatically sunsets six years after the effective date unless reauthorized