To: The Missouri State House, The Missouri State Senate, and Governor Mike Parson
Stop the Repeal of the Property Tax Credit in Missouri
Also known as the Circuit Breaker Program or Rent Rebate
Why is this important?
The tax credit allows low-income, elderly or those 100% disabled to claim a portion of their rent as a tax credit. In 2012,107,000 Missourians claimed the credit, totaling $57 million. The average person is able to receive $450 a year. The maximum credit is $750.
Advocates of the credit point out that it leaves the money with the recipient to direct to their specific needs rather than have that money go to a fund to be distributed as lawmakers determine.
Many who receive the credit say it is essential for them, as it is used to supplement their income for items including utility bills, non-covered health care procedures and more.
The Circuit Breaker Tax Credit program was first established as an amendment to the Missouri Constitution in 1972 by a direct vote of Missouri citizens and has been upheld by each legislature.
Advocates of the credit point out that it leaves the money with the recipient to direct to their specific needs rather than have that money go to a fund to be distributed as lawmakers determine.
Many who receive the credit say it is essential for them, as it is used to supplement their income for items including utility bills, non-covered health care procedures and more.
The Circuit Breaker Tax Credit program was first established as an amendment to the Missouri Constitution in 1972 by a direct vote of Missouri citizens and has been upheld by each legislature.