Circuit Breaker Tax Credit Provides Housing Stability
Posted on September 02, 2011 by Megan Burke
In Missouri, an individual with a disability receiving SSI could pay on average 86% of their SSI benefit towards rent for a one bedroom unit, leaving little for other costs of living. Affordable, accessible housing is in short supply, and with help from the Circuit Breaker tax credit individuals with disabilities can secure housing and maintain their independence. Sixteen of eighteen states with the circuit breaker property tax credit allow renters to claim the tax creditas the Circuit Breaker can provide for stability.
During special session (beginning September 6, 2011) our Missouri legislators will consider a bill that will eliminate the Circuit Breaker tax credit for renters. There are over 105,000 people with disabilities and seniors who will lose out if the benefit for low-income renters is discontinued. Missouri must make policy decisions which encourage independence, and not create barriers to living independently in the community.
For more information on the proposal to eliminate the Missouri circuit breaker tax credit for renters, read the Missouri Budget Project report At Home Thanks to Missouri’s Circuit Breaker: A Proven Effective Tax Credit that Helps Missouri Seniors & People with Disabilities Remain in Their Homes.
Cooper, Emily, O’Hara, Ann, and Zovistoski, Andrew (2011). Priced Out in 2010: The Housing Crisis for People with Disabilities. Retrieved on September 1, 2011 from http://www.tacinc.org/resources/data/pricedout/
Lynons, Karen, Farkas, Sarah, and Johnson, Nicholas (March 2007). The Property Tax Circuit Breaker
An Introduction and Survey of Current Programs. Retrieved September 1, 2011 from http://www.cbpp.org/cms/?fa=view&id=51
Blouin, Amy (August 2011). At Home Thanks to Missouri’s Circuit Breaker: A Proven Effective Tax Credit that Helps Missouri Seniors & People with Disabilities Remain in Their Homes. Retrieved September 1, 2011 from http://www.mobudget.org/files/At_Home_Thanks_to_Circuit_Breaker-updated_8-25-2011.pdf