Mo. Senate Panel Votes to End Renters' Tax Break
JEFFERSON CITY - A Missouri Senate committee has endorsed legislation to end an income tax break for low-income seniors and disabled residents who rent their homes, despite pleas from the poor not to do so. Several disabled renters testified Tuesday that the tax break of up to $750 annually allows them to pay medical bills, utilities and clothing. They pleaded with the Senate Appropriations Committee to keep the tax break.
But the committee voted to advance a bill that would do away with the tax credit and redirect the $57 million of savings to programs that serve seniors and the disabled. Gov. Jay Nixon backs the plan.
A commission Nixon appointed recommended ending the tax break for renters while continuing it for homeowners. The credit is intended to offset property taxes.