Modifies the "circuit breaker" tax credit by increasing the maximum upper limit and property tax credit amounts

HB 772 increases the maximum credit amounts for Missouri's "circuit breaker" property tax credit program. It directly affects Missouri residents who are seniors (65+), disabled individuals, 100% service-connected disabled veterans, or surviving spouses receiving Social Security benefits. The bill adjusts the credit limits while maintaining existing eligibility rules, such as requiring residency in Missouri for the full year, age requirements, or proof of disability/veteran status. It also clarifies how income and property taxes are calculated for the credit, including adjustments for Social Security benefits and pensions. This change aims to provide greater tax relief for qualifying low-to-moderate-income homeowners and renters.