| 1 | 1 | | FIRSTREGULARSESSION |
|---|
| 2 | 2 | | HOUSEBILLNO.1430 |
|---|
| 3 | 3 | | 103RDGENERALASSEMBLY |
|---|
| 4 | 4 | | INTRODUCEDBYREPRESENTATIVEBOYKIN. |
|---|
| 5 | 5 | | 2790H.01I JOSEPHENGLER,ChiefClerk |
|---|
| 6 | 6 | | ANACT |
|---|
| 7 | 7 | | Torepealsections135.010,135.025,and135.030,RSMo,andtoenactinlieuthereofthree |
|---|
| 8 | 8 | | newsectionsrelatingtoataxcreditforthepropertytaxliabilitiesofcertainvulnerable |
|---|
| 9 | 9 | | persons. |
|---|
| 10 | 10 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
|---|
| 11 | 11 | | SectionA.Sections135.010,135.025,and135.030,RSMo,arerepealedandthree |
|---|
| 12 | 12 | | 2newsectionsenactedinlieuthereof,tobeknownassections135.010,135.025,and135.030, |
|---|
| 13 | 13 | | 3toreadasfollows: |
|---|
| 14 | 14 | | 135.010.Asusedinsections135.010to135.030thefollowingwordsandterms |
|---|
| 15 | 15 | | 2mean: |
|---|
| 16 | 16 | | 3 (1)"Claimant",apersonorpersonsclaimingacreditundersections135.010to |
|---|
| 17 | 17 | | 4135.030.Ifthepersonsareeligibletofileajointfederalincometaxreturnandresideatthe |
|---|
| 18 | 18 | | 5sameaddressatanytimeduringthe[taxable] taxyear,thenthecreditmayonlybeallowedif |
|---|
| 19 | 19 | | 6claimedonacombinedMissouriincometaxreturnoracombinedclaimreturnreportingtheir |
|---|
| 20 | 20 | | 7combinedincomesandpropertytaxes.Aclaimantshallnotbeallowedapropertytaxcredit |
|---|
| 21 | 21 | | 8unlesstheclaimantorspousehasattainedtheageofsixty-fiveonorbeforethelastdayofthe |
|---|
| 22 | 22 | | 9calendaryearandtheclaimantorspousewasaresidentofMissourifortheentireyear,orthe |
|---|
| 23 | 23 | | 10claimantorspouseisaveteranofanybranchoftheArmedForcesoftheUnitedStatesorthis |
|---|
| 24 | 24 | | 11statewhobecameonehundredpercentdisabledasaresultofsuchserviceorwhobecame |
|---|
| 25 | 25 | | 12onehundredpercentdisablednotasaresultofsuchservicebutisreceivingDepartment |
|---|
| 26 | 26 | | 13ofVeteransAffairsbenefitsunderAidandAttendanceofHouseboundstatusforthe |
|---|
| 27 | 27 | | 14nonserviceconnecteddisability, ortheclaimantorspouseisdisabledasdefinedin |
|---|
| 28 | 28 | | 15subdivision(2)ofthissection,andsuchclaimantorspouseprovidesproofofsuchdisability |
|---|
| 29 | 29 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
|---|
| 30 | 30 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 16insuchformandmanner,andatsuchtimes,asthedirectorofrevenuemayrequire,orifthe |
|---|
| 31 | 31 | | 17claimanthasreachedtheageofsixtyonorbeforethelastdayofthecalendaryearandsuch |
|---|
| 32 | 32 | | 18claimantreceivedsurvivingspouseSocialSecuritybenefitsduringthecalendaryearandthe |
|---|
| 33 | 33 | | 19claimantprovidesproof,asrequiredbythedirectorofrevenue,thattheclaimantreceived |
|---|
| 34 | 34 | | 20survivingspouseSocialSecuritybenefitsduringthecalendaryearforwhichthecreditwillbe |
|---|
| 35 | 35 | | 21claimed.[Aclaimantshallnotbeallowedapropertytaxcreditiftheclaimantfiledavalid |
|---|
| 36 | 36 | | 22claimforacreditundersection137.106intheyearfollowingtheyearforwhichtheproperty |
|---|
| 37 | 37 | | 23taxcreditisclaimed.] Theresidencyrequirementshallbedeemedtohavebeenfulfilledfor |
|---|
| 38 | 38 | | 24thepurposeofdeterminingtheeligibilityofasurvivingspouseforapropertytaxcreditifa |
|---|
| 39 | 39 | | 25personoftheageofsixty-fiveyearsorolderwhowouldhaveotherwisemettherequirements |
|---|
| 40 | 40 | | 26forapropertytaxcreditdiesbeforethelastdayofthecalendaryear.Theresidency |
|---|
| 41 | 41 | | 27requirementshallalsobedeemedtohavebeenfulfilledforthepurposeofdeterminingthe |
|---|
| 42 | 42 | | 28eligibilityofaclaimantwhowouldhaveotherwisemettherequirementsforapropertytax |
|---|
| 43 | 43 | | 29creditbutwhodiesbeforethelastdayofthecalendaryear; |
|---|
| 44 | 44 | | 30 (2)"Disabled",theinabilitytoengageinanysubstantialgainfulactivitybyreasonof |
|---|
| 45 | 45 | | 31anymedicallydeterminablephysicalormentalimpairmentwhichcanbeexpectedtoresultin |
|---|
| 46 | 46 | | 32deathorwhichhaslastedorcanbeexpectedtolastforacontinuousperiodofnotlessthan |
|---|
| 47 | 47 | | 33twelvemonths.Aclaimantshallnotberequiredtobegainfullyemployedpriortosuch |
|---|
| 48 | 48 | | 34disabilitytoqualifyforapropertytaxcredit; |
|---|
| 49 | 49 | | 35 (3)"Grossrent",amountpaidbyaclaimanttoalandlordfortherental,atarm's |
|---|
| 50 | 50 | | 36length,ofahomesteadduringthecalendaryear,exclusiveofchargesforhealthandpersonal |
|---|
| 51 | 51 | | 37careservicesandfoodfurnishedaspartoftherentalagreement,whetherornotexpresslyset |
|---|
| 52 | 52 | | 38outintherentalagreement.Ifthedirectorofrevenuedeterminesthatthelandlordandtenant |
|---|
| 53 | 53 | | 39havenotdealtatarm'slength,andthatthegrossrentisexcessive,thenheshalldeterminethe |
|---|
| 54 | 54 | | 40grossrentbaseduponareasonableamountofrent.Grossrentshallbedeemedtobepaid |
|---|
| 55 | 55 | | 41onlyifactuallypaidpriortothedateareturnisfiled.Thedirectorofrevenuemayprescribe |
|---|
| 56 | 56 | | 42regulationsrequiringareturnofinformationbyalandlordreceivingrent,certifyingfora |
|---|
| 57 | 57 | | 43calendaryeartheamountofgrossrentreceivedfromatenantclaimingapropertytaxcredit |
|---|
| 58 | 58 | | 44andshall,byregulation,provideamethodforcertificationbytheclaimantoftheamountof |
|---|
| 59 | 59 | | 45grossrentpaidforanycalendaryearforwhichaclaimismade.Theregulationsauthorized |
|---|
| 60 | 60 | | 46bythissubdivisionmayrequirealandlordoratenantorbothtoprovidedatarelatingtohealth |
|---|
| 61 | 61 | | 47andpersonalcareservicesandtofood.Neitheralandlordnoratenantmayberequiredto |
|---|
| 62 | 62 | | 48providedatarelatingtoutilities,furniture,homefurnishingsorappliances; |
|---|
| 63 | 63 | | 49 (4)"Homestead",thedwellinginMissouriownedorrentedbytheclaimantandnotto |
|---|
| 64 | 64 | | 50exceedfiveacresoflandsurroundingitasisreasonablynecessaryforuseofthedwellingasa |
|---|
| 65 | 65 | | 51home.Itmayconsistofpartofamultidwellingormultipurposebuildingandpartoftheland |
|---|
| 66 | 66 | | 52uponwhichitisbuilt."Owned"includesavendeeinpossessionunderalandcontractand |
|---|
| 67 | 67 | | HB1430 2 53oneormoretenantsbytheentireties,jointtenants,ortenantsincommonandincludesa |
|---|
| 68 | 68 | | 54claimantactuallyinpossessionifhewastheimmediateformerownerofrecord,ifalineal |
|---|
| 69 | 69 | | 55descendantispresentlytheownerofrecord,andiftheclaimantactuallypaysalltaxesupon |
|---|
| 70 | 70 | | 56theproperty.Itmayincludeamobilehome; |
|---|
| 71 | 71 | | 57 (5)"Income",Missouriadjustedgrossincomeasdefinedinsection143.121lesstwo |
|---|
| 72 | 72 | | 58thousanddollars,orinthecaseofahomesteadownedandoccupied,fortheentireyear,bythe |
|---|
| 73 | 73 | | 59claimant,lessfourthousanddollarsasanexemptionfortheclaimant'sspouseresidingatthe |
|---|
| 74 | 74 | | 60sameaddress[,] forallcalendaryearsendingonorbeforeDecember31,2025,andforall |
|---|
| 75 | 75 | | 61calendaryearsbeginningonorafterJanuary1,2026,lesstwentythousanddollarsasan |
|---|
| 76 | 76 | | 62exemptionfortheclaimant'sspouseresidingatthesameaddress;andincreased,where |
|---|
| 77 | 77 | | 63necessary,toreflectthefollowing: |
|---|
| 78 | 78 | | 64 (a)SocialSecurity,railroadretirement,andveteranspaymentsandbenefitsunlessthe |
|---|
| 79 | 79 | | 65claimantisaonehundredpercentservice-connected,disabledveteranoraspouseofaone |
|---|
| 80 | 80 | | 66hundredpercentservice-connected,disabledveteran.Theonehundredpercentservice- |
|---|
| 81 | 81 | | 67connecteddisabledveteranshallnotberequiredtolistveteranspaymentsandbenefits; |
|---|
| 82 | 82 | | 68 (b)Thetotalamountofallotherpublicandprivatepensionsandannuities; |
|---|
| 83 | 83 | | 69 (c)Publicrelief,publicassistance,andunemploymentbenefitsreceivedincash,other |
|---|
| 84 | 84 | | 70thanbenefitsreceivedunderthischapter; |
|---|
| 85 | 85 | | 71 (d)Nodeductionbeingallowedforlossesnotincurredinatradeorbusiness; |
|---|
| 86 | 86 | | 72 (e)InterestontheobligationsoftheUnitedStates,anystate,oranyoftheir |
|---|
| 87 | 87 | | 73subdivisionsandinstrumentalities; |
|---|
| 88 | 88 | | 74 (6)"Propertytaxesaccrued",propertytaxespaid,exclusiveofspecialassessments, |
|---|
| 89 | 89 | | 75penalties,interest,andchargesforserviceleviedonaclaimant'shomesteadinanycalendar |
|---|
| 90 | 90 | | 76year.Propertytaxesshallqualifyforthecreditonlyifactuallypaidpriortothedateareturn |
|---|
| 91 | 91 | | 77isfiled.Thedirectorofrevenueshallrequireataxreceiptorotherproofofpropertytax |
|---|
| 92 | 92 | | 78payment.Ifahomesteadisownedonlypartiallybyclaimant,then"propertytaxesaccrued"is |
|---|
| 93 | 93 | | 79thatpartofpropertytaxesleviedonthehomesteadwhichwasactuallypaidbytheclaimant. |
|---|
| 94 | 94 | | 80Forpurposesofthissubdivision,propertytaxesare"levied"whenthetaxrollisdeliveredto |
|---|
| 95 | 95 | | 81thedirectorofrevenueforcollection.Ifaclaimantownsahomesteadpartofthepreceding |
|---|
| 96 | 96 | | 82calendaryearandrentsitoradifferenthomesteadforpartofthesameyear,"propertytaxes |
|---|
| 97 | 97 | | 83accrued"meansonlytaxesleviedonthehomesteadbothownedandoccupiedbythe |
|---|
| 98 | 98 | | 84claimant,multipliedbythepercentageoftwelvemonthsthatsuchpropertywasownedand |
|---|
| 99 | 99 | | 85occupiedasthehomesteadoftheclaimantduringtheyear.Whenaclaimantownsand |
|---|
| 100 | 100 | | 86occupiestwoormoredifferenthomesteadsinthesamecalendaryear,propertytaxesaccrued |
|---|
| 101 | 101 | | 87shallbethesumoftaxesallocabletothoseseveralpropertiesoccupiedbytheclaimantasa |
|---|
| 102 | 102 | | 88homesteadfortheyear.Ifahomesteadisanintegralpartofalargerunitsuchasafarm,or |
|---|
| 103 | 103 | | 89multipurposeormultidwellingbuilding,propertytaxesaccruedshallbethatpercentageofthe |
|---|
| 104 | 104 | | HB1430 3 90totalpropertytaxesaccruedasthevalueofthehomesteadisofthetotalvalue.Forpurposes |
|---|
| 105 | 105 | | 91ofthissubdivision"unit"referstotheparcelofpropertycoveredbyasingletaxstatementof |
|---|
| 106 | 106 | | 92whichthehomesteadisapart; |
|---|
| 107 | 107 | | 93 (7)"Rentconstitutingpropertytaxesaccrued",twentypercentofthegrossrentpaid |
|---|
| 108 | 108 | | 94byaclaimantandspouseinthecalendaryear. |
|---|
| 109 | 109 | | 135.025.1.Thepropertytaxesaccruedandrentconstitutingpropertytaxesaccrued |
|---|
| 110 | 110 | | 2oneachreturnshallbetotaled.Thistotal,uptosevenhundredfiftydollarsinrent |
|---|
| 111 | 111 | | 3constitutingpropertytaxesactuallypaidorelevenhundreddollarsinactualpropertytaxpaid, |
|---|
| 112 | 112 | | 4shallbeusedindeterminingthepropertytaxcreditforallcalendaryearsendingonor |
|---|
| 113 | 113 | | 5beforeDecember31,2025.ForallcalendaryearsbeginningonorafterJanuary1,2026, |
|---|
| 114 | 114 | | 6thetotalamountofpropertytaxesaccruedorrentconstitutingpropertytaxesaccrued |
|---|
| 115 | 115 | | 7thatexceedstheclaimant'sincomebyfourpercentorgreater,shallbeusedin |
|---|
| 116 | 116 | | 8determiningtheamountofthepropertytaxcredit,uptoonethousandfivehundred |
|---|
| 117 | 117 | | 9dollarsinrentconstitutingpropertytaxesactuallypaidoractualpropertytaxpaid. |
|---|
| 118 | 118 | | 10 2.ForallcalendaryearsbeginningonorafterJanuary1,2026,inthecaseofa |
|---|
| 119 | 119 | | 11claimantwhoisaveteranofanybranchoftheArmedForcesoftheUnitedStatesorthis |
|---|
| 120 | 120 | | 12statewhoisonehundredpercentdisabledasestablishedundertherequirementsof |
|---|
| 121 | 121 | | 13section135.010,thereshallbenolimitonthetotalofrentconstitutingpropertytaxes |
|---|
| 122 | 122 | | 14actuallypaidoractualpropertytaxpaid,andsuchdisabledveteranmayreceivea |
|---|
| 123 | 123 | | 15propertytaxcreditforthefullamountofsuchtotal,includinganyamountinexcessof |
|---|
| 124 | 124 | | 16theonethousandfivehundreddollarlimit. |
|---|
| 125 | 125 | | 17 3.BeginningJanuary1,2027,themaximumpropertytaxcredittotalsunderthis |
|---|
| 126 | 126 | | 18sectionshallbeincreasedannuallyforinflationbasedonthepercentageincreasein |
|---|
| 127 | 127 | | 19inflationascalculatedannuallyfortheincometaxbrackets,asprovidedundersection |
|---|
| 128 | 128 | | 20143.011.Thedirectorofrevenueshallprescriberegulationsprovidingforallocationswhere |
|---|
| 129 | 129 | | 21partofaclaimant'shomesteadisrentedtoanotherorusedfornondwellingpurposesorwhere |
|---|
| 130 | 130 | | 22ahomesteadisownedorrentedorusedasadwellingforpartofayear. |
|---|
| 131 | 131 | | 135.030.1.Asusedinthissection: |
|---|
| 132 | 132 | | 2 (1)Theterm"maximumupperlimit"shall,foreachcalendaryearafterDecember31, |
|---|
| 133 | 133 | | 31997,butbeforecalendaryear2008,bethesumoftwenty-fivethousanddollars.Forall |
|---|
| 134 | 134 | | 4calendaryearsbeginningonorafterJanuary1,2008,butendingonorbeforeDecember31, |
|---|
| 135 | 135 | | 52025,themaximumupperlimitshallbethesumoftwenty-seventhousandfivehundred |
|---|
| 136 | 136 | | 6dollars.Inthecaseofahomesteadownedandoccupiedfortheentireyearbytheclaimant, |
|---|
| 137 | 137 | | 7forallcalendaryearsendingonorbeforeDecember31,2025,themaximumupperlimit |
|---|
| 138 | 138 | | 8shallbethesumofthirtythousanddollars. Forallcalendaryearsbeginningonorafter |
|---|
| 139 | 139 | | 9January1,2026,themaximumupperlimitshallbethesumoffiftythousanddollars, |
|---|
| 140 | 140 | | 10andinthecaseofaclaimantwhoisaveteranofanybranchoftheArmedForcesofthe |
|---|
| 141 | 141 | | HB1430 4 11UnitedStatesorthisstatewhoisonehundredpercentdisabledasestablishedunderthe |
|---|
| 142 | 142 | | 12requirementsofsection135.010,thereshallbenomaximumupperlimit.Beginning |
|---|
| 143 | 143 | | 13January1,2027,themaximumupperlimitshallbeincreasedannuallyforinflation |
|---|
| 144 | 144 | | 14basedonthepercentageincreaseininflationascalculatedannuallyforstateincometax |
|---|
| 145 | 145 | | 15brackets,asprovidedundersection143.011; |
|---|
| 146 | 146 | | 16 (2)Theterm"minimumbase"shall,foreachcalendaryearafterDecember31,1997, |
|---|
| 147 | 147 | | 17butbeforecalendaryear2008,bethesumofthirteenthousanddollars.Forallcalendaryears |
|---|
| 148 | 148 | | 18beginningonorafterJanuary1,2008,butendingonorbeforeDecember31,2025,the |
|---|
| 149 | 149 | | 19minimumbaseshallbethesumoffourteenthousandthreehundreddollars.Forallcalendar |
|---|
| 150 | 150 | | 20yearsbeginningonorafterJanuary1,2026,theminimumbaseshallbethesameasthe |
|---|
| 151 | 151 | | 21maximumupperlimit. |
|---|
| 152 | 152 | | 22 2.(1)Iftheincomeonareturnisequaltoorlessthanthemaximumupperlimitfor |
|---|
| 153 | 153 | | 23thecalendaryearforwhichthereturnisfiled,thepropertytaxcreditshallbedeterminedfrom |
|---|
| 154 | 154 | | 24atableofcreditsbasedupontheamountbywhichthetotalpropertytaxdescribedinsection |
|---|
| 155 | 155 | | 25135.025exceedsthepercentofincomeinthefollowinglist: |
|---|
| 156 | 156 | | 26 Iftheincomeonthereturnis:Thepercentis: |
|---|
| 157 | 157 | | Notovertheminimumbase27 Forallcalendaryearsendingon |
|---|
| 158 | 158 | | 28 orbeforeDecember31,2025,0 |
|---|
| 159 | 159 | | 29 percentwithcreditnottoexceed |
|---|
| 160 | 160 | | 30 $1,100inactualpropertytaxor |
|---|
| 161 | 161 | | 31 rentequivalentpaidupto$750 |
|---|
| 162 | 162 | | 32 andforallcalendaryears |
|---|
| 163 | 163 | | 33 beginningonorafterJanuary1, |
|---|
| 164 | 164 | | 34 2026,0percentwithcreditnotto |
|---|
| 165 | 165 | | 35 exceed$1,500inexcessof4%of |
|---|
| 166 | 166 | | 36 income,inactualpropertytaxor |
|---|
| 167 | 167 | | 37 rentequivalentpaid,asadjusted |
|---|
| 168 | 168 | | 38 undersection135.025,unless |
|---|
| 169 | 169 | | 39 otherwiseprovidedunder |
|---|
| 170 | 170 | | 40 section135.025. |
|---|
| 171 | 171 | | Overtheminimumbasebutnot |
|---|
| 172 | 172 | | overthemaximumupperlimit |
|---|
| 173 | 173 | | 41 Forallcalendaryearsendingon |
|---|
| 174 | 174 | | 42 orbeforeDecember31,2025,1/ |
|---|
| 175 | 175 | | 43 16percentaccumulativeper$300 |
|---|
| 176 | 176 | | 44 from0percentto4percentand |
|---|
| 177 | 177 | | 45 forallcalendaryearsbeginning |
|---|
| 178 | 178 | | 46 onorafterJanuary1,2026,the |
|---|
| 179 | 179 | | HB1430 5 47 minimumbaseandmaximum |
|---|
| 180 | 180 | | 48 upperlimitshallbethesame |
|---|
| 181 | 181 | | 49 amount. |
|---|
| 182 | 182 | | 50 (2)Thedirectorofrevenueshallprescribeatablebasedupon[thepreceding |
|---|
| 183 | 183 | | 51sentences] subdivision(1)ofthissubsection. Thepropertytaxshallbeinincrementsof |
|---|
| 184 | 184 | | 52twenty-fivedollarsandtheincomeinincrementsofthreehundreddollars.Thecreditshallbe |
|---|
| 185 | 185 | | 53theamountroundedtothenearestwholedollarcomputedonthebasisofthepropertytaxand |
|---|
| 186 | 186 | | 54incomeatthemidpointsofeachincrement.Asusedinthissubsection,theterm |
|---|
| 187 | 187 | | 55"accumulative"meansanincreasebycontinuousorrepeatedapplicationofthepercenttothe |
|---|
| 188 | 188 | | 56incomeincrementateachthreehundreddollarlevel.Forallcalendaryearsbeginningon |
|---|
| 189 | 189 | | 57orafterJanuary1,2026,theminimumbaseandmaximumupperlimitshallbethesame |
|---|
| 190 | 190 | | 58amountandtheprovisionsunderthissubdivisionforreducingthetaxcreditshallnot |
|---|
| 191 | 191 | | 59apply. |
|---|
| 192 | 192 | | 60 3.Notwithstandingsubsection4ofsection32.057,thedepartmentofrevenueorany |
|---|
| 193 | 193 | | 61dulyauthorizedemployeeoragentshalldeterminewhetheranytaxpayerfilingareportor |
|---|
| 194 | 194 | | 62returnwiththedepartmentofrevenuewhohasnotappliedforthecreditallowedpursuantto |
|---|
| 195 | 195 | | 63section135.020mayqualifyforthecredit,andshallnotifyanyqualifiedclaimantofthe |
|---|
| 196 | 196 | | 64claimant'spotentialeligibility,wherethedepartmentdeterminessuchpotentialeligibility |
|---|
| 197 | 197 | | 65exists. |
|---|
| 198 | 198 | | âś” |
|---|
| 199 | 199 | | HB1430 6 |
|---|