Missouri House Considering Repeal of Tax Credit

5 years 1 month 1 week ago Friday, April 12 2013 Apr 12, 2013 Friday, April 12, 2013 6:28:08 PM CDT April 12, 2013 in News
By: William Joy
loading

JEFFERSON CITY - After passing the Senate, a bill to repeal the renter's portion of the Senior Citizens Property Tax Credit is now in the Missouri House of Representatives.

Commonly referred to as the "Circuit Breaker" tax credit, the renter's portion of the credit gives up to $750 of tax relief for people who are either disabled or over 65 and earn less than $27,500 a year.

According to a request from the Department of Revenue, 107,039 people in Missouri qualified for the renter's portion of the credit in the calendar year 2012, with awards totaling $57,130,085. In Boone County alone, 1,729 people received the renter's portion with total awards of $904,090.

Jere DeVilbiss is a site manager for one of the AARP's Tax-Aide centers in Columbia that provide free tax advice for low-to-moderate income taxpayers who are mainly over 60. DeVilbiss said the credit may not be huge, but it means a lot to those who get it.

"Let's put it this way, if you had $15,000 a year income, and you got a $750 dollar check, that might be pretty big," DeVilbiss said.

Senate President Pro Tem Tom Dempsey, R-St. Charles, sponsored the bill and said while it does get rid of the credit, it also uses the money saved to set up a fund for those who would usually qualify called the Missouri Senior Services Protection Fund.

"That $56.6 million will provide assistance for nursing home care, mental health, and other areas of the budget which affect low-income and elderly individuals," Dempsey said.

Dempsey said another reason for the repeal is that the credit comes in the form of a check that could be used for anything, not necessarily for housing.

"Some people have very worthy uses of purchasing a microwave oven or having a children's Christmas fund," Dempsey said "That was another one. But it's not the ‘children's Christmas fund tax credit', nor is it the ‘buy things that you really need tax credit'. It's a property tax relief-based tax credit."

Representative Rory Ellinger, D-St. Louis, said that the fund isn't enough to make it worth getting rid of the tax credit.

"It's going to really hurt the low-income people in the state a lot, and I don't think we're going to gain that much from it," Ellinger said.

If passed, the repeal would take effect August 28 for the 2014 fiscal year.

 

More News

Grid
List
COLUMBIA – The Columbia City Council will address an ordinance Monday on whether to approve of a special August election... More >>
3 hours ago Monday, May 21 2018 May 21, 2018 Monday, May 21, 2018 2:41:00 AM CDT May 21, 2018 in News
MARSHALL - A standoff between Marshall police and an armed man ended without injury. According to a news release,... More >>
8 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 9:53:00 PM CDT May 20, 2018 in News
ROCHEPORT - The city of Rocheport honored two men on Sunday whose legacy has stretched across the state of Missouri.... More >>
11 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 7:09:00 PM CDT May 20, 2018 in News
AUXVASSE - Gov. Eric Greitens spoke at the 16th annual Fire Fighters Memorial Service on Sunday. The service was... More >>
14 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 4:05:00 PM CDT May 20, 2018 in News
COLUMBIA - The Missouri State Highway Patrol is taking to social media to spread awareness of National Safe Boating Week... More >>
14 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 3:36:00 PM CDT May 20, 2018 in News
FULTON - All 6-year-old Sam Santhuff wanted to do was comfort children in the hospital, even though he was there... More >>
23 hours ago Sunday, May 20 2018 May 20, 2018 Sunday, May 20, 2018 6:47:00 AM CDT May 20, 2018 in News
CAMDEN COUNTY - The Missouri State Highway Patrol has released the identities of the three people killed and the two... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 6:42:00 PM CDT May 19, 2018 in News
COLUMBIA - Children in Columbia have a chance to get paid to play. Columbia Parks and Recreation started its... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 6:10:00 PM CDT May 19, 2018 in News
HAVANA (AP) — The Latest on the crash in Cuba of a passenger jet with 113 people on board (all... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 5:23:00 PM CDT May 19, 2018 in News
COLUMBIA - Over 90 people showed up at the Burr Oak Brewery for an afternoon of puppies, yoga and beer... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 4:50:00 PM CDT May 19, 2018 in News
COLUMBIA - Although it is nowhere near Halloween, some Columbia runners faced their fears by participating in a zombie-themed 5K... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 11:12:00 AM CDT May 19, 2018 in News
COLUMBIA- The city of Columbia has been ranked a top-ten affordable college town to live in by realtor.com. Factors... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 10:41:00 AM CDT May 19, 2018 in News
ST. LOUIS (AP) — The Mississippi River is above flood stage at several northeast Missouri locations, but forecasters do... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 9:29:44 AM CDT May 19, 2018 in Continuous News
(CNN) -- And they're married! Britain's Prince Harry and US actress Meghan Markle were wed Saturday at Windsor... More >>
1 day ago Saturday, May 19 2018 May 19, 2018 Saturday, May 19, 2018 7:09:00 AM CDT May 19, 2018 in News
COLUMBIA- The United states is experiencing one of the lowest birth rates in 30 years, according to the Centers for... More >>
2 days ago Friday, May 18 2018 May 18, 2018 Friday, May 18, 2018 9:08:00 PM CDT May 18, 2018 in News
COLUMBIA - Attorney General Josh Hawley says attorneys helping Gov. Eric Greitens through impeachment proceedings are acting improperly. "By... More >>
2 days ago Friday, May 18 2018 May 18, 2018 Friday, May 18, 2018 8:34:00 PM CDT May 18, 2018 in News
JEFFERSON CITY - The annual Backyard Concert Series kicks off Saturday evening at the Jefferson Landing Historic site. Missouri... More >>
2 days ago Friday, May 18 2018 May 18, 2018 Friday, May 18, 2018 6:45:00 PM CDT May 18, 2018 in News
JEFFERSON CITY –Missourians will soon be able to keep a little more money from their paychecks, after a state House... More >>
2 days ago Friday, May 18 2018 May 18, 2018 Friday, May 18, 2018 6:33:00 PM CDT May 18, 2018 in News
Columbia, MO
Broken Clouds 65°
7am 65°
8am 66°
9am 69°
10am 71°