HB 2306 creates a property tax exemption for Missouri veterans with service-connected disabilities rated at 30% or higher by the U.S. Department of Veterans Affairs. It reduces the taxable value of their primary residence by up to $500,000 based on disability rating (e.g., $10,000 for 30-50% rating, $500,000 for 100% rating). Surviving spouses retain the exemption if they live in the home and don’t remarry, and applications require annual VA documentation by April 1, starting tax year 2027. The exemption applies only to owner-occupied homes (not commercial properties) and does not affect how local tax rates are set.
HJR 145 proposes a constitutional amendment to exempt certain disabled veterans' property from Missouri state taxes. It would grant tax exemptions for homestead property and personal belongings (like household goods and vehicles) owned by Missouri residents who are certified as having a 100% service-connected disability by the U.S. Department of Veterans Affairs. The amendment would require the state to replace lost tax revenue through a countywide tax on specific commercial property, ensuring local governments retain funding. This change would apply to veterans meeting strict criteria, including honorable military service and Missouri residency. The bill is currently in early legislative stages (prefiled and read first time).
HJR 126 proposes a constitutional amendment that would reduce property tax assessments for qualifying seniors and disabled homeowners by 50%. It applies to residential property owned by individuals aged 65+ or permanently disabled under federal/state law, with income under $50,000 (single) or $75,000 (married filing jointly) in the prior tax year. Starting January 1, 2027, such properties would be assessed at 50% of their standard value instead of full value. This amendment requires voter approval in the 2026 election to take effect.
SB 1461 authorizes a tax credit for specific railroad infrastructure investments, aiming to incentivize capital improvements in the rail sector. The bill creates a financial incentive by allowing eligible entities to reduce their state tax liability based on qualifying investments in railroad infrastructure. It directly affects railroad operators or developers making eligible infrastructure upgrades, though the abstract does not specify exact project types or credit amounts. No additional details about implementation, eligibility criteria, or affected entities are provided in the available context.
HB 2102 allows cities and counties in Missouri to form "neighborhood improvement districts" to fund street lighting in residential areas. These districts can cover installation, maintenance, and electricity costs for LED or equivalent efficient street lights through special assessments on properties within the district or by having electric suppliers bill residents directly. The state creates a dedicated fund to provide matching grants (with the state covering two-thirds of costs up to $2,000 per light) to help local governments implement these projects. Districts are limited to 20 years with possible 20-year extensions, and all funds must be used solely for street lighting improvements as defined in the bill.
HB 1782 permanently extends Missouri's tax credit for donations to food pantries, homeless shelters, and soup kitchens by removing the bill's prior expiration date (December 31, 2026). Taxpayers who donate cash or food to qualifying 501(c)(3) organizations serving low-income communities can claim a 50% credit on donation value, capped at $2,500 annually per taxpayer. The credit applies only to donations made to local organizations operating in the donor's area, with no changes to existing eligibility rules or credit limits. This update ensures the program continues indefinitely without requiring annual legislative renewal.
SB 1111 would increase the homestead exemption, which protects primary residences from property tax increases. The bill's official abstract does not specify the exact amount of the increase, the income thresholds, or which homeowners would be directly affected. As the bill is only in early stages (prefiled and awaiting committee review), no concrete mechanisms or key provisions are described in the available information. Without additional details from the full text or committee documents, a specific summary of policy changes cannot be provided.
SB 938 modifies Missouri land surveying fee structures by requiring recorders to collect a $5 fee per recorded instrument. Two dollars of this fee stays with the recorder for record preservation, while $3 is sent to the state treasury. The state allocates $2 per fee to the "Missouri Land Survey Fund" (for survey-related purposes) and $1 to the secretary of state for record preservation. The bill also directs $3 per fee to the Missouri Housing Trust Fund. It directly affects county recorders, state agencies managing funds, and anyone recording land survey documents.
HB 2625 requires Missouri school districts to levy a minimum local property tax ("operating levy") of at least $1.25 per $100 of assessed property value to receive full state education funding. Districts failing to meet this threshold will receive state aid capped at their 2005-06 funding level per student, unless they qualify for exceptions (e.g., districts near nuclear plants or large power facilities). The bill links state aid eligibility directly to this local tax requirement, with rates increasing to $1.50 after 2026. It applies to all public school districts in Missouri, excluding specific utility-adjacent districts that may use a higher $2.75 levy limit. The law aims to ensure districts contribute locally before receiving full state funding.
SJR 66 is a proposed constitutional amendment that would change Missouri's property tax system. It classifies property into three main subclasses (residential, agricultural, and commercial/industrial) and sets a 33.3% cap on assessed value for all classes. The amendment would allow the state legislature to limit annual increases in tax liability for residential and agricultural properties (class 1). This proposal requires voter approval in 2026 to take effect, as it amends Article X of the Missouri Constitution. It directly affects property owners in Missouri, particularly those with residential and agricultural land.
