Lawmakers Try To End “Circuit Breaker” Program For Senior Renters

The Missouri Legislature is currently considering a bill that would shut down a program that allows seniors who rent to claim a property tax credit. The program, most often known as the “Circuit Breaker” program, allows homeowners and renters to qualify for a tax credit if their annual income falls below $27,000 to $30,000 per year. The average credit received by individual seniors averages about $500 per year.

Senate Bill 208 would eliminate seniors who rent from eligibility for the program, but would preserve the program for people who own their own homes. Sponsors of the bill estimate that cutting the program would save the state approximately $52 million per year. Opponents of the bill counter that this is an important program that helps seniors avoid the need to move into more expensive nursing home facilities and that seniors have borne the brunt of budget cuts for many years.

Debate on the bill is expected to occur later this week and next week. In the past, similar legislation has been the subject of filibuster attempts by Missouri Senate Democrats.

HERE IS A LINK TO SENATE BILL 208

LINK TO A MORE COMPLETE STORY ABOUT THIS ISSUE IN THE ST. LOUIS POST DISPATCH.

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