Missouri 2024 Regular Session

Missouri House Bill HJR95

Introduced
1/3/24  

Caption

Proposes a constitutional amendment granting property tax exemptions to certain disabled veterans

Impact

If approved, the new amendment would exempt assessed real property used as a homestead by qualifying disabled veterans from taxation effectively, thus enhancing the financial relief offered to these individuals. For veterans with disability ratings between 30% and 49%, a specific dollar amount of $2,500 would begin to be exempted starting four years after enactment, while those rated from 50% to 69% would see an exemption of $5,000 starting two years after. For veterans rated at 70% to 100%, all assessed property would be exempt from taxation.

Summary

HJR95 is a proposed constitutional amendment presented to the qualified voters of Missouri, aiming to amend Article X of the state constitution concerning property tax exemptions. Specifically, this joint resolution seeks to repeal Section 6 of Article X and replace it with a new section that grants substantial property tax exemptions for certain disabled veterans. The bill defines a 'disabled veteran' as a Missouri resident who has served in the U.S. Armed Forces and has a service-connected disability as certified by the Department of Veterans Affairs. These exemptions are designed to alleviate the financial burden on disabled veterans living in their primary residence (homestead).

Contention

The discussion surrounding HJR95 has highlighted various points of contention, particularly in relation to fiscal responsibility and the potential impact on local government revenues. Advocates argue that this measure is long overdue and serves as a moral obligation to support those who have sacrificed for their country, while opponents express concerns about how such tax exemptions might affect the financial resources available to local governments which rely on property taxes for funding essential services. The requirement for a general election or special election to vote on this amendment further emphasizes the significance and divisive nature of the issue.

Companion Bills

No companion bills found.

Previously Filed As

MO HJR52

Proposes a constitutional amendment granting property tax exemptions to certain disabled veterans

MO HJR57

Proposes an amendment to the Constitution of Missouri relating to a property tax exemption for certain disabled veterans.

MO HJR7

Proposes an amendment to the Constitution of Missouri relating to a property tax exemption for certain disabled veterans

MO HJR47

Proposes a constitutional amendment authorizing a property tax exemption for certain property used for childcare

MO HJR56

Proposes a constitutional amendment relating to property taxes

MO HJR11

Proposes an amendment to the Constitution of Missouri relating to property tax exemptions

MO HJR60

Proposes a constitutional amendment to allow the general assembly to exempt tangible personal property from personal property taxation by general law

MO SJR16

Exempts certain disabled veterans from property taxes

MO HJR33

Proposes a constitutional amendment relating to real property tax assessments

MO HJR15

Proposes an amendment to the Constitution of Missouri relating to a property tax exemption for certain seniors

Similar Bills

No similar bills found.