HB3115

Missouri HB3115 modifies homestead property tax credit provisions, affecting eligible taxpayers and county tax liabilities.

Missouri HB3115 modifies provisions governing homestead property tax credits. It defines eligible taxpayers as Missouri residents who own a homestead or have a legal interest in it and are liable for real property taxes. The bill outlines how tax liabilities are calculated for eligible taxpayers, including adjustments for new construction, annexations, and changes in tax rates. It specifies that eligible taxpayers' tax liabilities may increase based on certain conditions, such as new construction or changes in tax rates.