State Codes and Statutes
Statutes > Missouri > T10 > C135 > 135_025Accrued taxes and rent constituting taxes to be totaled--maximumamount allowable--allocation regulations, when.
135.025. The property taxes accrued and rent constituting propertytaxes accrued on each return shall be totaled. This total, up to sevenhundred fifty dollars in rent constituting property taxes actually paid oreleven hundred dollars in actual property tax paid, shall be used indetermining the property tax credit. The director of revenue shallprescribe regulations providing for allocations where part of a claimant'shomestead is rented to another or used for nondwelling purposes or where ahomestead is owned or rented or used as a dwelling for part of a year.
(L. 1973 H.B. 149, et al. § 4, A.L. 1975 H.B. 121, et al., A.L. 1988 S.B. 555, A.L. 2008 S.B. 711)
