Modifies provisions related to the "circuit breaker" property tax credit, reenacts the "Missouri Homestead Preservation Tax Credit Program", and implements a homestead exemption for certain individuals

HB 1061 modifies Missouri's property tax credit program, reenacting the "Missouri Homestead Preservation Tax Credit Program" to expand eligibility. It allows residents over 65, disabled individuals (with medical proof), veterans with 100% service-connected disability, and surviving spouses of eligible residents to claim the credit. Key changes include updating age requirements, requiring disability documentation, and clarifying residency rules for surviving spouses. The bill adjusts income calculations to exclude certain benefits like Social Security and pensions for qualifying claimants.