MO SB1535

Creates an optional local real property tax credit for disabled veterans with 100% permanent and total service-connected disability ratings certified by the VA, effective for tax years beginning January 1, 2027

Credit amount equals the full property taxes levied on the veteran's primary residence (excluding state blind pension fund levy), for homes with market value not exceeding $500,000 and up to 5 acres of land

Counties must opt in by majority vote of their governing body to offer the program; eligible veterans must also opt in by notifying the local collector's office

Surviving spouses retain the credit as long as they hold title, permanently reside in the home, and do not remarry

Credits are non-refundable, non-transferable, and cannot be combined with other property tax relief programs under Chapter 135 or 137