Missouri HB2038 establishes a homestead preservation tax credit program for eligible owners of residential real property.

HB2038 creates the Missouri Homestead Preservation Tax Credit Program, offering an annual exemption for eligible owners of residential real property used as a homestead. Eligible owners include individuals aged 65 or older, those with a disability, or married couples where at least one spouse is 65 or older. The program also considers dependents residing in the homestead. To qualify, applicants must meet income limits, which are adjusted annually for inflation.

Missouri HB2038 establishes a homestead preservation tax credit program for eligible owners of residential real property.

HB2038 creates the Missouri Homestead Preservation Tax Credit Program, offering an annual exemption for eligible owners of residential real property used as a homestead. Eligible owners include individuals aged 65 or older, those with a disability, or married couples where at least one spouse is 65 or older. The program also considers dependents residing in the homestead. To qualify, applicants must meet income limits, which are adjusted annually for inflation.