Bill > SJR84

This joint resolution proposes a constitutional amendment to eliminate property taxes on personal property (specifically "Class 2" property) in Missouri, to be voted on during the general election in November 2026 or at a special election called by the governor. If approved by voters, the amendment would prohibit counties and other political subdivisions from levying or collecting taxes on Class 2 property starting January 1, 2028. While the specific details of what constitutes "Class 2" property are not provided in the resolution text, this typically refers to personal property such as vehicles, machinery, equipment, and other movable assets. The resolution aims to modify Article X of the Missouri Constitution by adding a new section that prevents local governments from imposing property taxes on this class of property, which could potentially reduce tax burdens for individuals and businesses owning such assets.

Budget and Finance

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=515