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SJR73 • 2026

Establishes the Missouri Homestead Act

Establishes the Missouri Homestead Act

Taxes
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Moon, Mike; House handler: N/A
Last action
2026-02-18
Official status
Voted Do Pass S Economic and Workforce Development Committee
Effective date
Upon voter

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-02-18 Missouri House of Representatives and Missouri Senate

    Voted Do Pass S Economic and Workforce Development Committee

  2. 2026-02-11 Missouri House of Representatives and Missouri Senate

    Hearing Conducted S Economic and Workforce Development Committee

  3. 2026-01-27 S246

    Second Read and Referred S Economic and Workforce Development Committee

  4. 2026-01-07 S99

    S First Read

  5. 2025-12-01 Missouri House of Representatives and Missouri Senate

    Prefiled

Official Summary Text

The following summaries of this bill are available:

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Introduced

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SJR 73 - This constitutional amendment establishes the "Missouri Homestead Act".

For all tax years beginning on or after January 1, 2027, this constitutional amendment, if approved by the voters, authorizes a taxpayer to claim an exemption from real property taxes imposed on the taxpayer's homestead, as such terms are defined in the amendment. To be eligible for a tax exemption, the homestead shall not be encumbered by a mortgage lien, the taxpayer shall not be delinquent on any state or local taxes, and the taxpayer shall prospectively pay five year's worth of property taxes owed on the homestead.

To claim an exemption, the taxpayer shall provide notice to the collector by September 1. Upon filing the notice and providing evidence that the taxpayer satisfies all requirements, the homestead shall be exempt from property taxation for as long as the taxpayer owns the homestead.

An exemption shall be void if the taxpayer sells or otherwise disposes of the property such that it no longer qualifies as a homestead, or by the taxpayer notifying the collector that the taxpayer wishes to void the exemption.

The amendment imposes a state sales tax at a rate of 0.1%, with the revenues deposited in the "Homestead Preservation Fund", which is established by the amendment. Moneys in the fund shall stand appropriated and shall be used solely to reimburse taxing jurisdictions for revenue lost as a result of tax exemptions authorized by the amendment, as described in the amendment.

The amendment provides for further rights to taxpayers owning a homestead and receiving a property tax exemption pursuant to the amendment, including the right to possess the homestead, to exclude others from the homestead, to enjoy the fruits and profits of the homestead, and to convey the homestead, as described in the amendment.
JOSH NORBERG