Missouri HB2276: Authorizes the "Missouri Disabled Veterans Homestead Exemption" relating to a property tax exemption for certain veterans

What the bill says

To amend chapter 137, RSMo, by adding thereto one new section relating to property tax exemptions for certain veterans. Section A. Chapter 137, RSMo, is amended by adding thereto one new section, to be known as section 137.109, to read as follows: 137.109. 1. This section shall be known and may be cited as the "Missouri Disabled Veterans Homestead Exemption". 2. As used in this section, the following terms (2) "Homestead", the same meaning given to such term under section 135.010; (3) "Qualified residence", real property used as a homestead, less any portion of that property that is used for c.

From the introduced text:

To amend chapter 137, RSMo, by adding thereto one new section relating to property tax exemptions for certain veterans. Section A. Chapter 137, RSMo, is amended by adding thereto one new section, to be known as section 137.109, to read as follows: 137.109. 1. This section shall be known and may be cited as the "Missouri Disabled Veterans Homestead Exemption". 2. As used in this section, the following terms (2) "Homestead", the same meaning given to such term under section 135.010; (3) "Qualified residence", real property used as a homestead, less any portion of that property that is used for commercial purposes, with an equalized assessed value of less than two hundred fifty thousand dollars that is the primary residence of a veteran with a disability. When a veteran rents out property, or a portion of the property, to another person for more than six months, it is presumed to be used for commercial purposes; (4) "Surviving spouse", the living spouse of a qualified deceased veteran. A qualified deceased veteran is a deceased veteran (b) Was killed in the line of duty at any time prior to the expiration of the application period in effect for the exemption for the tax year in which the exemption is sought; EXPLANATION -- Matter enclosed in bold-faced brackets [thus] in the above bill …

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Sponsors

• (D, 021) · primary sponsor