Bill > SJR20

This joint resolution proposes a comprehensive set of constitutional amendments related to taxation in Missouri, to be voted on in the 2026 general election. The resolution establishes a new "Tax Reform Fund" that would automatically deposit budget surpluses exceeding $1 million into the fund, with the ultimate goal of gradually reducing and potentially eliminating personal and corporate income taxes. The amendment would impose an annual spending limit on the General Assembly that adjusts based on population changes, requiring a two-thirds vote to exceed the baseline spending cap. The resolution also caps the state sales tax rate at 3.775% and introduces a new 6% sales tax specifically on lobbying services. Additionally, the amendment would remove existing constitutional restrictions on expanding sales and use taxes to new services, while providing a mechanism for automatic income tax reductions when the Tax Reform Fund reaches certain balance thresholds. These proposed changes aim to create a more flexible and potentially lower-tax environment for Missouri taxpayers, with built-in mechanisms for gradual tax reduction contingent on state revenue performance.

Labor and Employment

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=349