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HB 2038MISSOURISession 2026State Billin committee
High Impact

Missouri House Bill 2038 Establishes Property Tax Relief and Homestead Exemption Programs for Vulnerable Residents

Original title: PROPERTY TAX PROGRAMS FOR VULNERABLE INDIVIDUALS

Last action · May 15, 2026: Referred: Emerging Issues(H)Sponsor: Marlene Terry

Bill progressHistory & official text ↓
Introduced
Committee
Floor Vote
Passed
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What This Bill Would Do

Missouri HB 2038 authorizes the Missouri Preservation Tax Credit Program and a homestead property tax exemption for seniors aged 65 and older and disabled individuals beginning in tax year 2027. Eligible homeowners must meet income thresholds, pay property taxes on time, and limit home improvements to five percent of assessed value. The program is subject to annual legislative appropriations and a six-year sunset provision.

Why it matters

Qualifying seniors and disabled homeowners with household incomes of $125,000 or less may receive property tax exemptions or credits, while counties rely on state distributions to offset any revenue impacts.

Background
  • The Missouri General Assembly is the state legislature responsible for enacting laws, including property tax statutes. context

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Eligible Owners

Seniors and disabled homeowners meeting age, income, and property criteria may receive property tax exemptions or credits.

Directly affected

County Assessors

Assessors must determine residential property eligibility, verify home improvements, and provide lists of eligible owners to the commission.

Directly affected

County Collectors

Collectors receive distributed appropriation funds and apply homestead exemption credits to taxpayer bills.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Who qualifies for the homestead property tax exemption under HB 2038?
Individuals who have reached 65 years of age or older by January first of the odd-numbered year, own and reside in their , are liable for its property taxes, and have a of $125,000 or less.
When must homeowners apply for the homestead exemption credit?
Applications must be accepted not earlier than April first and not later than October fifteenth of any tax year to be eligible for the credit in the following tax year.
What happens if a homeowner makes home improvements?
Property is disqualified from the exemption credit if it has been improved by more than five percent of its previously assessed value, unless the improvements were made to accommodate a disabled person.

What else do you want to know?

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Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

4 actions
  1. May 15, 2026HouseCommittee
    Referred: Emerging Issues(H)
  2. Jan 8, 2026HouseFloor
    Read Second Time (H)
  3. Jan 7, 2026HouseIntroduced
    Read First Time (H)
  4. Dec 1, 2025HouseIntroduced
    Prefiled (H)

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Marlene TerryHouse · District 66DemocraticSponsor

Connected Entities

State Tax Commission, Office of Budget and Planning, State Treasurer and 1 more
OrganizationState Tax Commission“Administers rules, verifies eligibility, calculates appropriations and credits f”Map →
OrganizationOffice of Budget and Planning“Receives the commission's calculation of the level of appropriation necessary to”Map →
OrganizationState Treasurer“Distributes appropriations to county collector funds as instructed by the commis”Map →
PersonMarlene Terry“Representative who introduced House Bill 2038.”Map →

Sources

Open source document

house.mo.gov

Analysis Score

0–100
  • Significance75
    How much this matters to a regular citizen
  • Controversy35
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz40
    Current news / social attention level

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