Authorizes the "Missouri Homestead Preservation Tax Credit Program" and implements a homestead exemption for certain individuals

This bill creates two new property tax programs for vulnerable individuals in Missouri, effective January 1, 2027. One program grants a 100% property tax exemption on homesteads for eligible owners aged 65 or older with a household income of $125,000 or less. The second program, called "The Missouri Homestead Preservation Act," offers a tax credit to eligible owners (aged 65 or older, or disabled, with income below a certain limit) if their homestead's property tax liability increased by more than a specified percentage from the prior year.

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