Budget & Taxes (Tax Incentives · Seniors)

This constitutional amendment resolution proposes to create a real property tax exemption for Missouri seniors meeting specific criteria. It would allow residents aged 65+ who have lived in Missouri for 10 consecutive years to qualify for a tax exemption on their primary home if their income is $100,000 or less (single) or $150,000 or less (married). Surviving spouses aged 55+ who maintain the same residence may also qualify. The General Assembly would set verification rules, exemption caps, and income limits to manage costs, with potential revenue offsets through state grants or adjusted local tax rates.