Renters Tax Credit Heard in Committee

budget

A measure that would prevent senior and disabled renters from claiming a property tax credit was heard in the Senate Ways and Means Committee this week. Known as the Circuit Breaker program, SB 208 would limit the tax credit to homeowners only. Currently, seniors and the disabled who rent and make less than $27,500, or $29,500 if married, are eligible. The tax credit amounts to about $500 per taxpayer.

Sponsor of the bill, Sen. Wayne Wallingford (R-Cape Girardeau), said eliminating the credit for renters would save $52 million a year. The MCC testified against the measure, noting that landlords pass on the cost of the property tax to renters, who do not have the means to purchase their homes. Furthermore, the payouts allow elderly and disabled renters to use the credit to pay for medical expenses and other needs. The committee took no action on the bill.

February 22, 2019 - 2:07pm
Categories: 

Latest Posts

Missouri’s Second Execution of 2023 Scheduled for February 7

In early February, the state of Missouri is set to execute Leonard “Raheem” Taylor for the 2004 murders of Angela Rowe, Alexus...Read more

School Choice Bill Heard in Senate Committee

The Senate Education and Workforce Development Committee on Tuesday heard public testimony on a school choice bill meant to fund students. ...Read more

Catholic Schools Week 2023

This Sunday is the start of Catholic Schools Week (CSW) 2023 ! Sponsored by the National Catholic Education Association (NCEA), this week...Read more

Subscribe to Blog
  •  
  • 1 of 380