Missouri legislation · 2026 Regular Session
Missouri HB2981: Authorizes the "Missouri Homestead Preservation Act"
Status: In committee, May 15, 2026
What the bill says
To amend chapter 137, RSMo, by adding thereto one new section relating to the Missouri homestead preservation act, with a delayed effective date. Section A. Chapter 137, RSMo, is amended by adding thereto one new section, to be known as section 137.107, to read as follows: 137.107. 1. This section shall be known and may be cited as the "Missouri Homestead Preservation Act". 2. As used in this section, the following terms (2) "Director", the director of the department of revenue; (3) "Disabled", the same meaning as such term is defined under section 135.010; (4) "Eligible owner": (a) Any indivi.
From the introduced text:
To amend chapter 137, RSMo, by adding thereto one new section relating to the Missouri homestead preservation act, with a delayed effective date. Section A. Chapter 137, RSMo, is amended by adding thereto one new section, to be known as section 137.107, to read as follows: 137.107. 1. This section shall be known and may be cited as the "Missouri Homestead Preservation Act". 2. As used in this section, the following terms (2) "Director", the director of the department of revenue; (3) "Disabled", the same meaning as such term is defined under section 135.010; (4) "Eligible owner": (a) Any individual owner of property who is sixty-five years of age or older as of January first of the tax year in which the individual is claiming the credit authorized under this section or who is disabled and who had an income of less than or equal to the maximum upper limit in the year prior to completing an application under this section; (b) In the case of a married couple owning property either jointly or as tenants by the entirety, or in the case of a married couple in which only one spouse owns the property, such couple shall be considered an eligible owner if both spouses have reached sixty-five years of age, if one spouse is disabled, or if one …
Sponsors
- Burton, Michael (D, 092) · primary sponsor