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Introduced.pdf

1915S.02I.ORG.pdf
Preview of Introduced
🔗 Source: senate.mo.gov
📊 Size: 135 KB
👤 Author: Josh Delaney
⬇️ Downloads: 71

Summary

This amendment authorizes an exemption from increases in property tax assessments for certain taxpayers, specifically those eligible for full Social Security benefits who own their primary residence. The fiscal impact is estimated to be $0 or more than $10,000,000 in FY 2024, $0 in FY 2025, and $0 or unknown in FY 2026. The proposal may result in a loss of future revenue to the Blind Pension Fund and savings from reduced Senior Citizen Property Tax Credits. A special election to submit the joint resolution to voters could cost $10 million. The Secretary of State's office estimates publication costs at $70,000 per page. The overall fiscal impact is uncertain due to various factors, including the number of eligible taxpayers and the potential reduction in property tax revenues.

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Description

This amendment authorizes an exemption from increases in property tax assessments for certain taxpayers, specifically those eligible for full Social Security...

Technical Information

  • File Format: PDF
  • File Size: 135 KB
  • Pages: 9
  • Language: EN
  • Author: Josh Delaney
  • Total Downloads: 71
  • Last Updated: 1 week ago

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