Instructions For Form Mo-Pts (Page 2 of 5) in pdf

of her house for her business. She will

ouseHold

ncome

Information to Complete

multiply $500 by 85 percent and enter this

Subtract Line 9 from Line 8 and enter

figure ($425) on Form MO-PTS, Line 11.

Form MO-CRP

amount on Line 10. If you RENTED or

12 — r

ine

ent

our

ome

did not own and occupy your home for

If you rent from a tax exempt

the ENTIRE YEAR, the amount you enter

Complete one Form MO-CRP, Cer ti fi cation

facility, you do not qualify.

of Rent Paid, for each rented home (includ-

on Line 10 cannot exceed $27,500. If the

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amount of your net household income on

ing mobile home or lot) you occupied

Enter all information requested

Line 10 is above $27,500, and you are not

during 2013. The Form MO-CRP is on the

on Lines 1–5. If rent is paid to a relative, the

eligible for the credit. There is no need to

back of the Form MO-PTS.

relationship to the landlord must be indicated

complete and submit the form.

on Line 1. Your claim may be delayed if you

HELPFUL HINTS

fail to enter all required information.

If you OWNED AND OCCUPIED your

If you receive low income housing assistance

home for the ENTIRE YEAR, the amount you

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Enter on Line 6 the gross rent

the rent you claim may not exceed 40

enter on Line 10 cannot exceed $30,000. If

paid. Exclude rent paid for any portion

percent of your income. Please claim only

the amount of your net household income

of your home used in the production of

the amount of rent you pay or your refund

on Line 10 is above $30,000, you are not

will be delayed or denied.

income, and the rent paid for surrounding

eligible for the credit. There is no need to

land with attachments not necessary nor

complete and submit the form.

You cannot claim returned check fees, late

maintained for homestead purposes. Also,

Note: Your home or dwelling is the place in

fees, security and cleaning deposits, or any

exclude any rent paid to your landlord on

which you reside in Missouri, whether owned

other deposits.

your behalf by any organization.

or rented, and the surrounding land, not to

HELPFUL HINTS

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If you were a resident of a nursing

exceed five acres, as is reasonably necessary

If you rent from a facility that does not pay

home or boarding home during 2013, use

for use of the dwelling as a home. A home

real estate taxes, you are not eligible for a

the applicable percentage on Line 7. If you

may be part of a larger unit such as a farm or

Property Tax Credit.

live in a hotel and meals are included in

building partly rented or used for business.

your rent payment, enter 50 percent; otherwise

11 — o

If your gross rent paid exceeds your house

ine

our

ome

enter 100 percent. If two or more unmarried

hold in come, you must attach a detailed

If you owned and occupied your home,

individuals over 18 years of age share a

statement explaining how the additional

include the amount of real estate tax you

residence and each pay part of the rent,

rent was paid or the claim will be denied.

paid for 2013 only, or $1,100, whichever is

enter the total rent on Form MO-CRP, Line

Add the totals from Line 9 on all Forms

less. Do not include special assessments

6 and mark the appropriate percentage on

MO-CRP completed, and enter the amount

(sewer lateral), penalties, service charges, and

box G of Line 7. If the rent receipt is for

on Line 12, or $750, whichever is less. Attach

interest listed on your tax receipt. You can

the total rent amount, then the percentage

rent receipt(s) or a signed statement from

only claim the taxes on your primary residence

on box G of the Form MO-CRP must be used

your landlord for any rent you are claiming,

that you occupy. Secondary homes are not

to determine your credit.

along with Form MO-CRP. The rent receipt(s)

eligible for the credit.

If none of the reductions apply to you, enter

or statement, must be signed by the landlord

Attach a copy of paid real estate tax receipts

100 percent on Line 7.

and include his or her tax identification or

from the county and city collectors office.

social security number and phone number.

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Multiply Line 6 by the percentage

Mortgage and financial institution state-

Copies of cancelled checks (front and back)

on Line 7. Enter this amount on Form

ments are not acceptable.

will be accepted if your landlord will not

MO-CRP, Line 8.

If you submit more than one receipt from

provide rent receipts or a statement.

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Multiply Line 8 by 20 percent

a city or county for your residence, please

If you have the same address as your landlord,

and enter the result on Line 9. Add

submit a letter of explanation.

please verify the number of occupants and

the totals from Line 9 on all completed

If your home or farm has more than five

living units.

Forms MO-CRP and enter the amount on

acres or you own a mobile home and it is

Line 12 of MO-PTS.

13 — t

classified as personal property, a Form 948

ine

otal

eal

state

Assessors Certification must be attached with

ent

aid

HELPFUL HINTS

a copy of your paid personal or real prop-

An apartment is a room or suite of rooms

Add amounts from Form MO-PTS, Lines 11

erty tax receipt. If you own a mobile home

with separate facilities for cooking and

and 12 and enter amount on Line 13, or

and it is classified as real property, a Form

other normal household functions.

$1,100, whichever is less.

948 isn’t needed. In such cases, you can

A boarding home is a house that provides

Example: Ester owns her home for three

claim property tax for the mobile home and

meals, lodging, and the residents share

if applicable, rent for the lot. A credit will not

months and pays $100 in property taxes. For

common facilities.

be allowed on vehicles and other items listed

nine months she rents an apartment

on the personal property tax receipt.

and pays $4,000 in rent. The amount on Line

9 of the MO-CRP is $800 ($4,000 x 20%).

If you share a home, report only the portion of

Form MO-PTS, Line 11, is $100; Line 12

real estate tax that was actually paid by you.

is $750; and Line 13 is $850. The $800 for

If you use your home for business purposes,

rent is limited on Line 12 to $750.

the percentage of your home that is used for

14 — p

business purposes must be subtracted from

ine

roperty

redit

your real estate taxes paid. If you need to use

Apply Lines 10 and 13 to the Property

a Form 948 to calculate the amount of real

Tax Credit Chart on pages 41, 42 and 43

estate tax, you must subtract the percentage of

to determine the amount of your property

your home that is used for business purposes

tax credit. If you have another income tax

from allowable real estate taxes paid.

or property tax credit liability, this property

Example: Ruth has 10 acres surrounding her

tax credit may be applied to that liability in

house. She needs to use a Form 948, because

accordance with Section 143.782, RSMo.

she is only entitled to receive credit for 5

acres. By her calculations, she enters $500 on

You will be notified if your credit is offset

Form 948, Line 6. Ruth also uses 15 percent

against any debts.

Instructions For Form Mo-Pts Page 2

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