Missouri legislation · 2026 Regular Session
Missouri HB2672: Establishes the "Missouri Disabled Veterans Personal Property Tax Credit Act", authorizing counties to adopt a personal property tax credit for certain disabled veterans who own up to two motor vehicles
Status: In committee, March 25, 2026
What the bill says
To amend chapter 137, RSMo, by adding thereto one new section relating to a local personal property tax credit for certain disabled veterans. Section A. Chapter 137, RSMo, is amended by adding thereto one new section, to be known as section 137.1054, to read as follows: 137.1054. 1. This section shall be known and may be cited as the "Missouri Disabled Veteran Personal Property Tax Credit Act". 2. As used in this section, the following terms (2) "Credit percentage", the same percentage as the eligible veteran's disability rating, not to exceed one hundred percent; (3) "Disability rating", the.
From the introduced text:
To amend chapter 137, RSMo, by adding thereto one new section relating to a local personal property tax credit for certain disabled veterans. Section A. Chapter 137, RSMo, is amended by adding thereto one new section, to be known as section 137.1054, to read as follows: 137.1054. 1. This section shall be known and may be cited as the "Missouri Disabled Veteran Personal Property Tax Credit Act". 2. As used in this section, the following terms (2) "Credit percentage", the same percentage as the eligible veteran's disability rating, not to exceed one hundred percent; (3) "Disability rating", the percentage of disability assigned to a disabled veteran by the United States Department of Veterans Affairs, reflecting the degree to which the veteran's disability impacts his or her ability to work and perform daily activities, expressed as a whole number percentage; (4) "Disabled veteran", a Missouri resident who has been separated under honorable conditions from active service in any branch or reserve component of the Armed Forces of the United States or the National Guard of a state as defined in U.S.C. Section 101, as amended, and has a service-connected disability and has received a disability rating of seventy percent or greater, as certified by the United States Department of Veterans Affairs; EXPLANATION -- Matter enclosed in bold-faced brackets [thus] in the …