HB 1365 -- Income Tax Credit for Real Property Taxes Paid by the
Elderly and Disabled

Sponsor:  Fares

Beginning January 1, 2009, this bill authorizes a 50% tax credit
of the property tax accrued or $1,500, whichever is less, for
elderly or disabled individuals who have lived in their home for
at least 20 years and who have spent more than 10% of their
household income on real property taxes.  No tax credit will be
issued to a taxpayer who filed a valid claim under Sections
135.010 - 135.030 or 137.106, RSMo, for the same tax year.

The provisions of the bill will expire December 31 six years from
the effective date.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated January 8, 2008 at 4:07 pm