House Approves Property Tax Measure For Senior Citizens

An effort to cap property tax increases for senior citizens comes under fire during House floor debate, but then easily wins approval and moves on to the Senate. The bill would keep the assessed valuation of homes owned by Missourians at least 65-years-old from rising more than 5-percent a year. Critics complain that would rob local governments of the benefits derived from a natural rise in property values. The bill also increases the incentives for the makers of generic drugs to participate in the Missouri Senior RX Program. Some critics complain that will drive up the costs of the program. Supporters say it’s needed to increase participation.