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Section 135.025 Accrued taxes and rent constituting taxes to be totaled — maximum amount allowable — allocation regulations, when.

MO Rev Stat § 135.025 (2019) (N/A)
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Effective 28 Aug 2008

135.025. Accrued taxes and rent constituting taxes to be totaled — maximum amount allowable — allocation regulations, when. — The property taxes accrued and rent constituting property taxes accrued on each return shall be totaled. This total, up to seven hundred fifty dollars in rent constituting property taxes actually paid or eleven hundred dollars in actual property tax paid, shall be used in determining the property tax credit. The director of revenue shall prescribe regulations providing for allocations where part of a claimant's homestead is rented to another or used for nondwelling purposes or where a homestead is owned or rented or used as a dwelling for part of a year.

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(L. 1973 H.B. 149, et al. § 4, A.L. 1975 H.B. 121, et al., A.L. 1988 S.B. 555, A.L. 2008 S.B. 711)

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Section 135.020 Credits, how applied, considered overpayment, when.
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Section 135.030 Formula for determining credits — table to be prepared by director of revenue — taxpayer not applying for credit to be notified of eligibility.