Authorizes a homestead tax exemption for certain veterans, and to offset lost property tax revenue, increases the cigarette tax and subjects alternative nicotine products, vapor products, tobacco paraphernalia, and hemp-derived consumable products to an excise tax

Summary

The bill would give a homestead property‑tax break to Missouri disabled veterans, Purple Heart recipients, and surviving spouses of service members killed in action. The exemption amount varies with the veteran’s disability rating, and a new fund would reimburse local governments for any lost tax revenue. To pay for the program, the legislation raises the state cigarette tax and adds excise taxes on alternative nicotine, vapor, tobacco‑paraphernalia and hemp‑derived consumable products.

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