| 1 | 1 | | FIRSTREGULARSESSION |
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| 2 | 2 | | HOUSEBILLNO.1535 |
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| 3 | 3 | | 103RDGENERALASSEMBLY |
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| 4 | 4 | | INTRODUCEDBYREPRESENTATIVEDEAN. |
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| 5 | 5 | | 3064H.01I JOSEPHENGLER,ChiefClerk |
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| 6 | 6 | | ANACT |
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| 7 | 7 | | Torepealsections135.010,135.025,and135.030,RSMo,andtoenactinlieuthereofthree |
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| 8 | 8 | | newsectionsrelatingtoataxcreditforthepropertytaxliabilitiesofcertainvulnerable |
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| 9 | 9 | | persons. |
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| 10 | 10 | | BeitenactedbytheGeneralAssemblyofthestateofMissouri,asfollows: |
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| 11 | 11 | | SectionA.Sections135.010,135.025,and135.030,RSMo,arerepealedandthree |
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| 12 | 12 | | 2newsectionsenactedinlieuthereof,tobeknownassections135.010,135.025,and135.030, |
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| 13 | 13 | | 3toreadasfollows: |
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| 14 | 14 | | 135.010.Asusedinsections135.010to135.030thefollowingwordsandterms |
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| 15 | 15 | | 2mean: |
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| 16 | 16 | | 3 (1)"Claimant",apersonorpersonsclaimingacreditundersections135.010to |
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| 17 | 17 | | 4135.030.Ifthepersonsareeligibletofileajointfederalincometaxreturnandresideatthe |
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| 18 | 18 | | 5sameaddressatanytimeduringthetaxableyear,thenthecreditmayonlybeallowedif |
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| 19 | 19 | | 6claimedonacombinedMissouriincometaxreturnoracombinedclaimreturnreportingtheir |
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| 20 | 20 | | 7combinedincomesandpropertytaxes.Aclaimantshallnotbeallowedapropertytaxcredit |
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| 21 | 21 | | 8unlesstheclaimantorspousehasattainedtheageofsixty-fiveonorbeforethelastdayofthe |
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| 22 | 22 | | 9calendaryearandtheclaimantorspousewasaresidentofMissourifortheentireyear,orthe |
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| 23 | 23 | | 10claimantorspouseisaveteranofanybranchoftheArmedForcesoftheUnitedStatesorthis |
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| 24 | 24 | | 11statewhobecameonehundredpercentdisabledasaresultofsuchservice,ortheclaimantor |
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| 25 | 25 | | 12spouseisdisabledasdefinedinsubdivision(2)ofthissection,andsuchclaimantorspouse |
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| 26 | 26 | | 13providesproofofsuchdisabilityinsuchformandmanner,andatsuchtimes,asthedirector |
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| 27 | 27 | | 14ofrevenuemayrequire,oriftheclaimanthasreachedtheageofsixtyonorbeforethelast |
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| 28 | 28 | | 15dayofthecalendaryearandsuchclaimantreceivedsurvivingspouseSocialSecuritybenefits |
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| 29 | 29 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
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| 30 | 30 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 16duringthecalendaryearandtheclaimantprovidesproof,asrequiredbythedirectorof |
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| 31 | 31 | | 17revenue,thattheclaimantreceivedsurvivingspouseSocialSecuritybenefitsduringthe |
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| 32 | 32 | | 18calendaryearforwhichthecreditwillbeclaimed.Aclaimantshallnotbeallowedaproperty |
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| 33 | 33 | | 19taxcreditiftheclaimantfiledavalidclaimforacreditundersection137.106intheyear |
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| 34 | 34 | | 20followingtheyearforwhichthepropertytaxcreditisclaimed.Theresidencyrequirement |
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| 35 | 35 | | 21shallbedeemedtohavebeenfulfilledforthepurposeofdeterminingtheeligibilityofa |
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| 36 | 36 | | 22survivingspouseforapropertytaxcreditifapersonoftheageofsixty-fiveyearsorolder |
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| 37 | 37 | | 23whowouldhaveotherwisemettherequirementsforapropertytaxcreditdiesbeforethelast |
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| 38 | 38 | | 24dayofthecalendaryear.Theresidencyrequirementshallalsobedeemedtohavebeen |
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| 39 | 39 | | 25fulfilledforthepurposeofdeterminingtheeligibilityofaclaimantwhowouldhave |
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| 40 | 40 | | 26otherwisemettherequirementsforapropertytaxcreditbutwhodiesbeforethelastdayof |
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| 41 | 41 | | 27thecalendaryear; |
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| 42 | 42 | | 28 (2)"Disabled",theinabilitytoengageinanysubstantialgainfulactivitybyreasonof |
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| 43 | 43 | | 29anymedicallydeterminablephysicalormentalimpairmentwhichcanbeexpectedtoresultin |
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| 44 | 44 | | 30deathorwhichhaslastedorcanbeexpectedtolastforacontinuousperiodofnotlessthan |
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| 45 | 45 | | 31twelvemonths.Aclaimantshallnotberequiredtobegainfullyemployedpriortosuch |
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| 46 | 46 | | 32disabilitytoqualifyforapropertytaxcredit; |
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| 47 | 47 | | 33 (3)"Grossrent",amountpaidbyaclaimanttoalandlordfortherental,atarm's |
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| 48 | 48 | | 34length,ofahomesteadduringthecalendaryear,exclusiveofchargesforhealthandpersonal |
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| 49 | 49 | | 35careservicesandfoodfurnishedaspartoftherentalagreement,whetherornotexpresslyset |
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| 50 | 50 | | 36outintherentalagreement.Ifthedirectorofrevenuedeterminesthatthelandlordandtenant |
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| 51 | 51 | | 37havenotdealtatarm'slength,andthatthegrossrentisexcessive,thenheshalldeterminethe |
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| 52 | 52 | | 38grossrentbaseduponareasonableamountofrent.Grossrentshallbedeemedtobepaid |
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| 53 | 53 | | 39onlyifactuallypaidpriortothedateareturnisfiled.Thedirectorofrevenuemayprescribe |
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| 54 | 54 | | 40regulationsrequiringareturnofinformationbyalandlordreceivingrent,certifyingfora |
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| 55 | 55 | | 41calendaryeartheamountofgrossrentreceivedfromatenantclaimingapropertytaxcredit |
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| 56 | 56 | | 42andshall,byregulation,provideamethodforcertificationbytheclaimantoftheamountof |
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| 57 | 57 | | 43grossrentpaidforanycalendaryearforwhichaclaimismade.Theregulationsauthorized |
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| 58 | 58 | | 44bythissubdivisionmayrequirealandlordoratenantorbothtoprovidedatarelatingtohealth |
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| 59 | 59 | | 45andpersonalcareservicesandtofood.Neitheralandlordnoratenantmayberequiredto |
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| 60 | 60 | | 46providedatarelatingtoutilities,furniture,homefurnishingsorappliances; |
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| 61 | 61 | | 47 (4)"Homestead",thedwellinginMissouriownedorrentedbytheclaimantandnotto |
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| 62 | 62 | | 48exceedfiveacresoflandsurroundingitasisreasonablynecessaryforuseofthedwellingasa |
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| 63 | 63 | | 49home.Itmayconsistofpartofamultidwellingormultipurposebuildingandpartoftheland |
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| 64 | 64 | | 50uponwhichitisbuilt."Owned"includesavendeeinpossessionunderalandcontractand |
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| 65 | 65 | | 51oneormoretenantsbytheentireties,jointtenants,ortenantsincommonandincludesa |
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| 66 | 66 | | 52claimantactuallyinpossessionifhewastheimmediateformerownerofrecord,ifalineal |
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| 67 | 67 | | HB1535 2 53descendantispresentlytheownerofrecord,andiftheclaimantactuallypaysalltaxesupon |
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| 68 | 68 | | 54theproperty.Itmayincludeamobilehome; |
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| 69 | 69 | | 55 (5)"Income",Missouriadjustedgrossincomeasdefinedinsection143.121lesstwo |
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| 70 | 70 | | 56thousanddollarsforallcalendaryearsendingonorbeforeDecember31,2025, orinthe |
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| 71 | 71 | | 57caseofahomesteadownedandoccupied,fortheentireyear,bytheclaimant,lessfour |
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| 72 | 72 | | 58thousanddollarsasanexemptionfortheclaimant'sspouseresidingatthesameaddress[,] for |
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| 73 | 73 | | 59allcalendaryearsendingonorbeforeDecember31,2025,orforallcalendaryears |
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| 74 | 74 | | 60beginningonorafterJanuary1,2026,lesstwothousandeighthundreddollars,orinthe |
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| 75 | 75 | | 61caseofahomesteadownedandoccupied,fortheentireyear,bytheclaimant,lessfive |
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| 76 | 76 | | 62thousandeighthundreddollars,asanexemptionfortheclaimant'sspouseresidingat |
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| 77 | 77 | | 63thesameaddress;andincreased,wherenecessary,toreflectthefollowing: |
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| 78 | 78 | | 64 (a)SocialSecurity,railroadretirement,andveteranspaymentsandbenefitsunlessthe |
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| 79 | 79 | | 65claimantisaonehundredpercentservice-connected,disabledveteranoraspouseofaone |
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| 80 | 80 | | 66hundredpercentservice-connected,disabledveteran.Theonehundredpercentservice- |
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| 81 | 81 | | 67connecteddisabledveteranshallnotberequiredtolistveteranspaymentsandbenefits; |
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| 82 | 82 | | 68 (b)Thetotalamountofallotherpublicandprivatepensionsandannuities; |
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| 83 | 83 | | 69 (c)Publicrelief,publicassistance,andunemploymentbenefitsreceivedincash,other |
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| 84 | 84 | | 70thanbenefitsreceivedunderthischapter; |
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| 85 | 85 | | 71 (d)Nodeductionbeingallowedforlossesnotincurredinatradeorbusiness; |
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| 86 | 86 | | 72 (e)InterestontheobligationsoftheUnitedStates,anystate,oranyoftheir |
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| 87 | 87 | | 73subdivisionsandinstrumentalities; |
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| 88 | 88 | | 74 (6)"Propertytaxesaccrued",propertytaxespaid,exclusiveofspecialassessments, |
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| 89 | 89 | | 75penalties,interest,andchargesforserviceleviedonaclaimant'shomesteadinanycalendar |
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| 90 | 90 | | 76year.Propertytaxesshallqualifyforthecreditonlyifactuallypaidpriortothedateareturn |
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| 91 | 91 | | 77isfiled.Thedirectorofrevenueshallrequireataxreceiptorotherproofofpropertytax |
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| 92 | 92 | | 78payment.Ifahomesteadisownedonlypartiallybyclaimant,then"propertytaxesaccrued"is |
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| 93 | 93 | | 79thatpartofpropertytaxesleviedonthehomesteadwhichwasactuallypaidbytheclaimant. |
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| 94 | 94 | | 80Forpurposesofthissubdivision,propertytaxesare"levied"whenthetaxrollisdeliveredto |
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| 95 | 95 | | 81thedirectorofrevenueforcollection.Ifaclaimantownsahomesteadpartofthepreceding |
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| 96 | 96 | | 82calendaryearandrentsitoradifferenthomesteadforpartofthesameyear,"propertytaxes |
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| 97 | 97 | | 83accrued"meansonlytaxesleviedonthehomesteadbothownedandoccupiedbythe |
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| 98 | 98 | | 84claimant,multipliedbythepercentageoftwelvemonthsthatsuchpropertywasownedand |
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| 99 | 99 | | 85occupiedasthehomesteadoftheclaimantduringtheyear.Whenaclaimantownsand |
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| 100 | 100 | | 86occupiestwoormoredifferenthomesteadsinthesamecalendaryear,propertytaxesaccrued |
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| 101 | 101 | | 87shallbethesumoftaxesallocabletothoseseveralpropertiesoccupiedbytheclaimantasa |
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| 102 | 102 | | 88homesteadfortheyear.Ifahomesteadisanintegralpartofalargerunitsuchasafarm,or |
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| 103 | 103 | | 89multipurposeormultidwellingbuilding,propertytaxesaccruedshallbethatpercentageofthe |
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| 104 | 104 | | HB1535 3 90totalpropertytaxesaccruedasthevalueofthehomesteadisofthetotalvalue.Forpurposes |
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| 105 | 105 | | 91ofthissubdivision"unit"referstotheparcelofpropertycoveredbyasingletaxstatementof |
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| 106 | 106 | | 92whichthehomesteadisapart; |
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| 107 | 107 | | 93 (7)"Rentconstitutingpropertytaxesaccrued",twentypercentofthegrossrentpaid |
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| 108 | 108 | | 94byaclaimantandspouseinthecalendaryear. |
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| 109 | 109 | | 135.025.Thepropertytaxesaccruedandrentconstitutingpropertytaxesaccruedon |
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| 110 | 110 | | 2eachreturnshallbetotaled.Thistotal,uptosevenhundredfiftydollarsinrentconstituting |
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| 111 | 111 | | 3propertytaxesactuallypaidorelevenhundreddollarsinactualpropertytaxpaid,shallbe |
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| 112 | 112 | | 4usedindeterminingthepropertytaxcreditforallcalendaryearsendingonorbefore |
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| 113 | 113 | | 5December31,2025.ForallcalendaryearsbeginningonorafterJanuary1,2026,this |
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| 114 | 114 | | 6total,uptoonethousandfifty-fivedollarsinrentconstitutingpropertytaxesactually |
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| 115 | 115 | | 7paidoronethousandfivehundredfiftydollarsinactualpropertytaxpaid,shallbeused |
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| 116 | 116 | | 8indeterminingthepropertytaxcredit.BeginningJanuary1,2027,thepropertytax |
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| 117 | 117 | | 9credittotalsunderthissectionshallbeadjustedannuallyforinflationbasedonthe |
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| 118 | 118 | | 10ConsumerPriceIndexforAllUrbanConsumersfortheMidwestRegion,asdefined |
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| 119 | 119 | | 11andofficiallyrecordedbytheUnitedStatesDepartmentofLabororitssuccessor. The |
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| 120 | 120 | | 12directorofrevenueshallprescriberegulationsprovidingforallocationswherepartofa |
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| 121 | 121 | | 13claimant'shomesteadisrentedtoanotherorusedfornondwellingpurposesorwherea |
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| 122 | 122 | | 14homesteadisownedorrentedorusedasadwellingforpartofayear. |
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| 123 | 123 | | 135.030.1.Asusedinthissection: |
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| 124 | 124 | | 2 (1)Theterm"maximumupperlimit"shall,foreachcalendaryearafterDecember31, |
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| 125 | 125 | | 31997,butbeforecalendaryear2008,bethesumoftwenty-fivethousanddollars.Forall |
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| 126 | 126 | | 4calendaryearsbeginningonorafterJanuary1,2008,butendingonorbeforeDecember31, |
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| 127 | 127 | | 52025,themaximumupperlimitshallbethesumoftwenty-seventhousandfivehundred |
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| 128 | 128 | | 6dollars.Inthecaseofahomesteadownedandoccupiedfortheentireyearbytheclaimant, |
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| 129 | 129 | | 7forallcalendaryearsendingonorbeforeDecember31,2025,themaximumupperlimit |
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| 130 | 130 | | 8shallbethesumofthirtythousanddollars. Forallcalendaryearsbeginningonorafter |
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| 131 | 131 | | 9January1,2026,themaximumupperlimitshallbethesumof: |
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| 132 | 132 | | 10 (a)Thirty-eightthousandtwohundreddollarsforclaimantswithafilingstatus |
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| 133 | 133 | | 11ofsingle; |
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| 134 | 134 | | 12 (b)Forty-twothousandtwohundreddollarsforclaimantswithafilingstatusof |
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| 135 | 135 | | 13singleandwhoownedandoccupiedahomesteadfortheentireyear; |
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| 136 | 136 | | 14 (c)Forty-onethousanddollarsforclaimantswithafilingstatusofmarriedfiling |
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| 137 | 137 | | 15combined;and |
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| 138 | 138 | | 16 (d)Forty-eightthousanddollarsforclaimantswithafilingstatusofmarried |
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| 139 | 139 | | 17filingcombinedandwhoownedandoccupiedahomesteadfortheentireyear. |
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| 140 | 140 | | 18 |
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| 141 | 141 | | HB1535 4 19BeginningJanuary1,2027,suchamountsshallbeadjustedannuallyforinflationbased |
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| 142 | 142 | | 20ontheConsumerPriceIndexforAllUrbanConsumers,asdefinedandofficially |
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| 143 | 143 | | 21recordedbytheUnitedStatesDepartmentofLabororitssuccessor; |
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| 144 | 144 | | 22 (2)Theterm"minimumbase"shall,foreachcalendaryearafterDecember31,1997, |
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| 145 | 145 | | 23butbeforecalendaryear2008,bethesumofthirteenthousanddollars.Forallcalendaryears |
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| 146 | 146 | | 24beginningonorafterJanuary1,2008,theminimumbaseshallbethesumoffourteen |
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| 147 | 147 | | 25thousandthreehundreddollars. |
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| 148 | 148 | | 26 2.(1)Iftheincomeonareturnisequaltoorlessthanthemaximumupperlimitfor |
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| 149 | 149 | | 27thecalendaryearforwhichthereturnisfiled,thepropertytaxcreditshallbedeterminedfrom |
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| 150 | 150 | | 28atableofcreditsbasedupontheamountbywhichthetotalpropertytaxdescribedinsection |
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| 151 | 151 | | 29135.025exceedsthepercentofincomeinthefollowinglist: |
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| 152 | 152 | | 30 Iftheincomeonthereturnis:Thepercentis: |
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| 153 | 153 | | Notovertheminimumbase31 0percentwithcreditnottoexceed |
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| 154 | 154 | | 32 $1,100inactualpropertytaxor |
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| 155 | 155 | | 33 rentequivalentpaidupto$750 |
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| 156 | 156 | | 34 Overtheminimumbasebutnot |
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| 157 | 157 | | 35 overthemaximumupperlimit |
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| 158 | 158 | | 1/16percentaccumulativeper |
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| 159 | 159 | | $300from0percentto4percent. |
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| 160 | 160 | | 36 (2)Thedirectorofrevenueshallprescribeatablebasedupon[thepreceding |
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| 161 | 161 | | 37sentences] subdivision(1)ofthissubsection. Thepropertytaxshallbeinincrementsof |
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| 162 | 162 | | 38twenty-fivedollarsandtheincomeinincrementsofthreehundreddollars.Thecreditshallbe |
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| 163 | 163 | | 39theamountroundedtothenearestwholedollarcomputedonthebasisofthepropertytaxand |
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| 164 | 164 | | 40incomeatthemidpointsofeachincrement.Asusedinthissubsection,theterm |
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| 165 | 165 | | 41"accumulative"meansanincreasebycontinuousorrepeatedapplicationofthepercenttothe |
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| 166 | 166 | | 42incomeincrementateachthreehundreddollarlevel. |
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| 167 | 167 | | 43 3.(1)ForallcalendaryearsbeginningonorafterJanuary1,2026,iftheincome |
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| 168 | 168 | | 44onareturnisequaltoorlessthanthemaximumupperlimitforthecalendaryearfor |
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| 169 | 169 | | 45whichthereturnisfiled,thepropertytaxcreditshallbedeterminedfromatableof |
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| 170 | 170 | | 46creditsbasedupontheamountbywhichthetotalpropertytaxdescribedinsection |
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| 171 | 171 | | 47135.025exceedsthepercentofincomeinthefollowinglist: |
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| 172 | 172 | | 48 Iftheincomeonthereturnis:Thepercentis: |
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| 173 | 173 | | Notovertheminimumbase49 0percentwithcreditnotto |
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| 174 | 174 | | 50 exceed$1,550inactualproperty |
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| 175 | 175 | | 51 taxorrentequivalentpaidupto |
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| 176 | 176 | | 52 $1,055,asadjustedforinflation. |
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| 177 | 177 | | HB1535 5 Overtheminimumbasebutnot |
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| 178 | 178 | | overthemaximumupperlimit |
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| 179 | 179 | | 53 1/16percentaccumulativeper |
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| 180 | 180 | | 54 $495,asadjustedforinflation, |
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| 181 | 181 | | 55 from0percentto2percent. |
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| 182 | 182 | | 56 (2)Thedirectorofrevenueshallprescribeatablebaseduponsubdivision(1)of |
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| 183 | 183 | | 57thissubsection.Thepropertytaxshallbeinincrementsoftwenty-fivedollarsandthe |
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| 184 | 184 | | 58incomeinincrementsoffourhundredninety-fivedollars,withsuchamountadjusted |
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| 185 | 185 | | 59annuallyforinflationbasedontheConsumerPriceIndexforAllUrbanConsumers,as |
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| 186 | 186 | | 60definedandofficiallyrecordedbytheUnitedStatesDepartmentofLabororits |
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| 187 | 187 | | 61successor.Thecreditshallbetheamountroundedtothenearestwholedollarcomputed |
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| 188 | 188 | | 62onthebasisofthepropertytaxandincomeatthemidpointsofeachincrement.Asused |
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| 189 | 189 | | 63inthissubsection,theterm"accumulative"meansanincreasebycontinuousor |
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| 190 | 190 | | 64repeatedapplicationofthepercenttotheincomeincrementateachfourhundred |
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| 191 | 191 | | 65ninety-fivedollarlevel,asadjustedpursuanttothissubdivision. |
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| 192 | 192 | | 66 4.Notwithstandingsubsection4ofsection32.057,thedepartmentofrevenueorany |
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| 193 | 193 | | 67dulyauthorizedemployeeoragentshalldeterminewhetheranytaxpayerfilingareportor |
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| 194 | 194 | | 68returnwiththedepartmentofrevenuewhohasnotappliedforthecreditallowedpursuantto |
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| 195 | 195 | | 69section135.020mayqualifyforthecredit,andshallnotifyanyqualifiedclaimantofthe |
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| 196 | 196 | | 70claimant'spotentialeligibility,wherethedepartmentdeterminessuchpotentialeligibility |
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| 197 | 197 | | 71exists. |
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| 198 | 198 | | âś” |
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| 199 | 199 | | HB1535 6 |
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