HB3543

Missouri HB3543 allows counties to exempt certain disabled veterans from real property homestead taxes.

Missouri HB3543 authorizes counties to adopt a real property homestead tax exemption for disabled veterans. The exemption applies to a qualified residence, defined as the primary residence of the disabled veteran or their unremarried surviving spouse or minor children. The exemption amount is the greater of $32,500 or the maximum amount allowed under state law. The exemption carries over to the surviving spouse or minor children as long as they occupy the residence. The bill also allows counties to impose a replacement sales tax to offset the lost revenue from the exemption.