Establishes the "Missouri Disabled Veterans Homestead Tax Credit Act", authorizing counties to adopt a real property tax credit for certain disabled veterans who own a homestead

HB 2588 creates the "Missouri Disabled Veterans Homestead Tax Credit Act," allowing Missouri counties to offer a real property tax credit to eligible disabled veterans who own their primary residence. It directly affects veterans with a 100% permanent and total service-connected disability rating from the U.S. Department of Veterans Affairs, whose primary home has a market value of $500,000 or less. The credit equals all local property taxes paid (excluding state blind pension fund levies) on the qualified residence, is non-refundable, and carries over to a surviving spouse who remains in the home and doesn't remarry. Counties must adopt the program, and veterans must elect to participate; it does not reduce assessed property value or affect bonded indebtedness calculations.