Bill > HJR35

This joint resolution proposes a constitutional amendment with several key provisions aimed at reforming Missouri's tax and spending structure. The resolution would establish a "Tax Reform Fund" that would collect surplus state revenue exceeding $1 million each fiscal year, with the primary goal of gradually reducing and eventually eliminating personal and corporate income taxes through triggered tax rate decreases. The amendment 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 resolution caps the state sales tax rate at 3.775% and introduces a new 6% sales tax on lobbying services. If excess revenue accumulates in the Tax Reform Fund, the state would be required to implement incremental personal income tax reductions, with each 0.02% reduction tied to every $60 million over $120 million in the fund. The proposed amendment would be submitted to Missouri voters at the next general election in November 2026, with the goal of providing a mechanism for tax reduction and controlled government spending.

Budget and Finance

https://house.mo.gov/Bill.aspx?bill=HJR35&year=2025&code=R