- Introduced -

SB 744 - This act authorizes two different tax relief measures for property taxpayers. The act increases the income levels of taxpayers eligible for the circuit breaker credit by increasing the maximum upper limit from the current $15,000 to $25,000 and the minimum base from the current $5,900 to $13,000 for 1998 and subsequent years.

The act also authorizes a state income tax credit for property taxes paid. The credit is limited to $70 for a married couple filing a combined return and to $35 for individuals and other filers. The credit is not allowed if Missouri adjusted gross income exceeds $100,000.

RUSS HEMBREE