Establishes a tax credit for disabled veterans in Missouri for their primary residence.
The Missouri Disabled Veteran Homestead Tax Credit Act provides an annual real property tax credit for eligible disabled veterans. This credit applies to their primary residence, which must have a market value of up to $500,000. The credit is calculated based on the total real property taxes levied on the residence, excluding the state blind pension fund levy. Participation in the program is optional for both counties and eligible owners. The credit cannot be transferred or carried forward to subsequent tax years and does not affect the process of setting the tax rate.
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- Core Provisions
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