Missouri 2025 Regular Session

Missouri Senate Bill SB64

Introduced
1/8/25  

Caption

Modifies the Senior Citizens Property Tax Relief Credit

Impact

If SB64 is enacted, it is expected to have a significant impact on state laws concerning land use and community planning. The bill would amend existing zoning laws to facilitate the development of affordable housing projects, potentially reducing the time and bureaucratic red tape required to bring such projects to fruition. This change could promote more equitable housing opportunities across diverse neighborhoods, enhancing overall community growth and stability.

Summary

Senate Bill 64 (SB64) aims to address the growing issue of affordable housing in the state by modifying existing land use and zoning regulations. The bill proposes to streamline the process for developing affordable housing units, which supporters argue is essential to meet the increasing demand for low-income housing. By easing restrictions, SB64 seeks to encourage developers to construct affordable units in various communities, thereby expanding housing availability for residents struggling with rising living costs.

Contention

However, the bill has not been without controversy. Opponents argue that while the intention behind SB64 is commendable, it may inadvertently undermine local governance by stripping municipalities of control over land development decisions. Critics are concerned that a one-size-fits-all approach could lead to overdevelopment and negatively affect community character or quality of life in certain areas. The balancing act between fostering development and preserving local interests remains a critical point of contention among lawmakers.

Companion Bills

No companion bills found.

Similar Bills

MO SB101

Modifies the Senior Citizens Property Tax Relief Credit

MO SB457

Modifies the Senior Citizens Property Tax Relief Credit

MO SB822

Modifies the Senior Citizen Property Tax Relief Credit

MS HB1345

Senior Citizens Property Tax and Rent Rebate Act; create.

NJ A5089

Prohibits homestead property tax rebates and credits and ANCHOR property tax benefits from being paid to property owners who move out of State.

MO HB594

Relating to taxation

KS SB300

House Substitute for SB 300 by Committee on Taxation - Modifying income tax rates for individuals, increasing the standard deduction and the Kansas personal exemption, increasing the income limit for an income tax subtraction modification for social security income, increasing the extent of property tax exemption for residential property from the statewide school levy, decreasing the privilege tax normal tax rate, abolishing the local ad valorem tax reduction fund and the county and city revenue sharing fund, providing for certain transfers to the special city and county highway fund and decreasing the rate of ad valorem tax imposed by a school district.

NJ S1490

Converts senior freeze reimbursement into credit applied directly to property tax bills.