Missouri Budget Taking Shape with Push to Repeal Tax Break for SeniorsJEFFERSON CITY * Citing a budget shortfall that's forcing tough choices, House lawmakers gave...Erickson, KurtBott, Celeste
after which the owner resumes paying full property taxes. In contrast, tax exemptions are permanent and continue if the property meets the eligibility criteria outlined in tax laws or regulations. For example, as long as the IRS recognizes a501(c)(3) organization, nonprofits will be tax-exempt....