Instructions For Form Hpc - Application For Homestead Preservation Credit

Instructions For Form Hpc - Application For Homestead Preservation Credit - 2005

2005 APPLICATION AND INSTRUCTIONS FOR

HOMESTEAD PRESERVATION CREDIT

BACKGROUND

DOCUMENTATION YOU MUST

HAVE TO RECEIVE YOUR CREDIT

The Homestead Preservation Act (SB 730)

allows qualified senior citizens and 100

You will need the following items before you can

percent disabled individuals to apply for a cred-

file your application:

it on their property tax on their home if those

taxes increase more than 2.5 percent in a non-

• Verification of your 100 percent disability,

reassessment year or 5 percent in a reassess-

if applicable,

ment year. The credit is for the amount the tax

• 2004 Federal Income Tax Return, pages 1

exceeds the 2.5 or 5 percent increase. The act

and 2, and

requires a legislative appropriation to fund the

• 2003 and 2004 paid real estate tax

credit. The actual amount of the credit will be

receipts and/or paid personal property tax

based on the appropriated amount. This credit

receipts for mobile home

will be applied against the property taxes for the

calendar year following application.

Visit our web site at

The department administers two real estate

tax assistance programs, the Missouri

Property Tax Credit Claim and the Home-

stead Preservation Credit.

You can only

receive one of the credits.

You should

determine which tax credit program is more

beneficial to you before you file for either

credit.

Instructions For Form Hpc - Application For Homestead Preservation Credit - 2005