Senator Tony Luetkemeyer Advances Tax Relief for Seniors
Thursday, March 30, 2023
Senator Tony Luetkemeyer Advances Tax Relief for Seniors
JEFFERSON CITY — Two measures to provide tax relief for Missouri seniors sponsored by State Sen. Tony Luetkemeyer, R-Parkville, passed the Senate and moved to the House of Representatives. One provision exempts Social Security benefits from state income taxes. The other freezes property taxes on a senior’s primary residence. Originally introduced as Senate Bill 190, the two measures were amended onto another bill that passed out of the Senate this week.
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“With runaway inflation, our seniors are struggling,” Sen. Luetkemeyer says. “This legislation will provide needed relief for seniors who often have to make ends meet on a fixed income. Providing more predictability to property taxes and eliminating the tax on Social Security benefits will go a long way to ensure seniors can continue to maintain their standard of living during retirement.”
Senator Luetkemeyer’s legislation provides a tax credit on the primary residence of Missouri seniors that effectively freezes their property taxes at age 65. Also approved was a provision eliminating state income taxes on Social Security benefits. Missouri is one of only 11 states that currently taxes Social Security.
For more information about Sen. Luetkemeyer, visit www.senate.mo.gov/mem34