Bill > HJR1

This joint resolution proposes a constitutional amendment with several key provisions aimed at fiscal reform in Missouri. The amendment would establish a "Tax Reform Fund" that would collect surplus revenue exceeding $1 million annually, with the primary goal of gradually reducing and eventually eliminating personal and corporate income taxes through triggered tax rate decreases. The resolution also imposes a spending limitation on the state legislature, tying appropriations to population changes and requiring a two-thirds vote to exceed the standard spending limit. Additionally, the amendment would cap the state sales tax rate at 3.775% and introduce a new 6% sales tax on lobbying services. The proposed changes would take effect gradually, with the first income tax reductions potentially beginning in January 2028, contingent on specific revenue surplus conditions. Voters would have the opportunity to approve or reject this constitutional amendment at the next general election in November 2026, with the ballot language highlighting the key components of tax reform, spending limits, and tax rate modifications.

Budget and Finance

https://house.mo.gov/Bill.aspx?bill=HJR1&year=2025&code=R