Bill > HJR22

This joint resolution proposes a constitutional amendment relating to taxation in Missouri, with several key provisions. The amendment would modify tax exemptions, redefine revenue calculations, and establish new limits on state tax increases. Specifically, it would exempt certain personal property like industrial inventories and goods held by manufacturers, distributors, and retailers from taxation, and create a countywide replacement tax to compensate local taxing authorities for lost revenue. The resolution also introduces a new revenue limit calculation method that ties state revenues to Missouri's personal income, mandates voter approval for significant tax increases, and requires that any tax increase over $50 million or one percent of total state revenues be submitted to voters. Additionally, the amendment creates a new section requiring all state taxes to be periodically reviewed and potentially terminated through a statewide election process, with taxes set to be reviewed in 2028 and every four years thereafter unless voters choose to maintain them. The proposed changes aim to provide more taxpayer protections, create more transparency in tax policy, and establish stricter controls on state tax collection and implementation.

https://house.mo.gov/Bill.aspx?bill=HJR22&year=2025&code=R