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News Brief

April 4, 2013MO |  By: MDN

Renter's Credit

A bill moving through Missouri's state capitol could mean higher tax bills for some people who rent homes or apartments.

The state Senate has voted 21-12 to get rid of a property tax credit given to low-income renters across the state. The bill would still give the property tax credit to low income people who own their home. And some of the bills critics, like Republican Senator Rob Schaaf of St. Joseph, say that would be unfair.

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Supporters of the bill say that it needs to pass so that the state can balance its budget for next year. The bill now goes to the state House.