Missouri legislation · 2026 Regular Session
Missouri HB2038: Authorizes the "Missouri Homestead Preservation Tax Credit Program" and implements a homestead exemption for certain individuals
Status: In committee, May 15, 2026
What the bill says
To amend chapter 137, RSMo, by adding thereto two new sections relating to property tax programs for vulnerable individuals. Section A. Chapter 137, RSMo, is amended by adding thereto two new sections, to be known as sections 137.104 and 137.107, to read as follows: 137.104. 1. As used in this section, the following terms (2) "Eligible owner", an individual who: (a) Has reached sixty-five years of age as of January first of the determining odd-numbered year; (b) Is the owner of record of the residential real property used as a homestead or has a legal or equitable interest in the residential r.
From the introduced text:
To amend chapter 137, RSMo, by adding thereto two new sections relating to property tax programs for vulnerable individuals. Section A. Chapter 137, RSMo, is amended by adding thereto two new sections, to be known as sections 137.104 and 137.107, to read as follows: 137.104. 1. As used in this section, the following terms (2) "Eligible owner", an individual who: (a) Has reached sixty-five years of age as of January first of the determining odd-numbered year; (b) Is the owner of record of the residential real property used as a homestead or has a legal or equitable interest in the residential real property used as a homestead as evidenced by a written instrument; (c) Is liable for the payment of real property taxes on the residential real property used as a homestead; and (d) Has a total household income of one hundred twenty-five thousand dollars or less, as adjusted in each successive calendar year by the incremental increase in the general price level, as defined under Article X, Section 17 of the Constitution of Missouri; (3) "Homestead", the residential real property that is used as a primary residence and the adjacent real property, not to exceed five acres of land, as is reasonably necessary for use of the residence as a home dwelling; EXPLANATION -- Matter enclosed in bold-faced brackets …