Bill > SJR42

This joint resolution proposes a complex set of constitutional amendments related to taxation in Missouri, to be voted on in the 2026 general election. The resolution creates a new "Tax Reform Fund" that would automatically deposit budget surpluses over $1 million into a dedicated account, with the primary goal of gradually reducing and eventually eliminating personal and corporate income taxes. The amendment establishes a mechanism where personal income tax rates would decrease by incremental amounts (starting at 0.1%) when the fund reaches specific balance thresholds, with no cap on potential reductions until the income tax reaches zero. Additionally, the resolution imposes new spending limits on the state legislature, tying appropriation authority to population changes and requiring a two-thirds vote to exceed standard spending caps. The proposal also caps the state sales tax rate at 3.775%, creates a new 6% sales tax specifically on lobbying services, and removes previous restrictions on expanding sales tax to new services. If approved by voters, these changes would fundamentally reshape Missouri's tax structure, with a long-term objective of reducing income tax burdens while maintaining state fiscal flexibility.

Labor and Employment

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=358