[Nfbmo] FW: [Modisabilaw] SB350 - Property Tax Credit

McMahon, Cory J cory.j.mcmahon at gmail.com
Mon Feb 25 13:45:22 UTC 2013

Dear all,


FYI, concerning the Circuit breaker property tax credit for rentors.




Cory McMahon


From: modisabilaw-bounces at lists.mo.gov
[mailto:modisabilaw-bounces at lists.mo.gov] On Behalf Of Marty Exline
Sent: Monday, February 25, 2013 7:08 AM
To: MO Disability Policy/Law Listserv
Subject: [Modisabilaw] SB350 - Property Tax Credit



SB350 - Repeal of Circuit Breaker Property Tax for Renters

By Senator Dempsey


Just a quick correction - this bill to eliminate the Circuit Breaker
Property Tax for renters is of course a Senate Bill rather than a HB, as
identified in Friday's posting.


As outlined in earlier postings, the Governor has proposed in his budget to
eliminate the renters portion of the circuit breaker property tax credit.
This is the credit that is currently available for seniors and persons with
disabilities who own homes or who rent.  The program provides up to $750 a
year for qualifying renters - single persons who make less than $27,500 and
couples who make less than $29,500  


Last year, about 107,000 persons received over $57 million  in credits.  The
bill to eliminate the credit was introduced this week, but has not yet been
assigned to a committee.





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