Missouri House Bill HJR96

Missouri 2025 Regular Session

• Introduced: 2/27/25
• Refer: 5/15/25

Caption

Proposes a constitutional amendment exempting from taxation certain real and personal property owned by a veteran with a total service-connected disability

Impact

The implementation of HJR96 is expected to alleviate the financial burden on qualifying veterans, thereby enhancing their ability to maintain home ownership and contribute to local economies without the additional stress of property taxes. The bill is also likely to affect local government revenues, as the exemption will reduce the taxable property base within counties throughout Missouri. The provision requires assessments and potential restitution from county taxing authorities to account for lost revenue, which may mitigate some adverse effects on local budgets.

Summary

HJR96 is a proposed amendment to the Missouri Constitution that aims to exempt certain real and personal property from taxation specifically for veterans with a total service-connected disability. It repeals Section 6 of Article X of the Missouri Constitution and introduces a new provision allowing for tax exemptions applicable up to $200,000 in actual value, adjusted for inflation thereafter. This legislative change is aimed at providing financial relief to retired service members who have been significantly impacted by their service-related disabilities.

Contention

While supporters of HJR96 argue that the measure is a necessary acknowledgment of the sacrifices made by disabled veterans, there may be opposition highlighting concerns regarding the potential financial strains on local governmental budgets that rely heavily on property tax revenues. Critics could argue that such exemptions could pave the way for increased taxation on other property owners to compensate for the lost revenue, thus creating contention between property owners of various demographics. The discussion surrounding HJR96 suggests a need for balancing welfare for veterans with equitable taxation policies for all residents.