HB2306

Authorizes a homestead exemption for disabled veterans and their surviving spouses in Missouri.

Authorizes the "Missouri Disabled Veterans' Homestead Exemption" for disabled veterans and their surviving spouses. Provides an annual exemption from the assessed value of a disabled veteran's qualified residence, based on the veteran's disability rating. The exemption applies to tax years beginning on or after January 1, 2027. The exemption amount varies from $10,000 to $500,000, depending on the veteran's disability rating. The exemption continues if the veteran or surviving spouse moves to a veterans' facility. The exemption does not affect the tax rate setting process.