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The Missouri Property Tax Credit - "Circuit Breaker"

 

Qualified persons, who have a decreased or fixed income upon retirement, can receive an income tax credit for a portion of the real estate taxes or rent they have paid for the year.  The actual credit is based on the amount of real estate taxes or rent paid and total household income. 

Complete text of statutes relating to the Missouri Property Tax Credit

  Section 135.010  Definition (including qualifications for the tax credit).
  Section 135.015  Time for filing.
  Section 135.020  Excess credit considered overpayment of income tax.
  Section 135.025  Maximum total tax credit.
  Section 135.030  Calculation of tax credit.
  Section 135.035  Claims for calendar year 1975 and later.

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