Bill > SJR83

This joint resolution proposes a constitutional amendment to modify Missouri's tax laws, specifically focusing on income tax provisions. The resolution aims to be placed on the ballot in the November 2026 general election or potentially in a special election called by the governor. The key provision involves repealing and replacing a section of the state constitution's Article X, which governs taxation. The amendment would grant the state legislature broader flexibility in defining income by allowing them to reference federal tax laws, whether those laws are retrospective or prospective. Importantly, the resolution includes a critical limitation by capping the state income tax rate at 4.7%, which provides a constitutional constraint on future tax rates. The general assembly would retain the ability to define income, make exceptions, and modify federal tax law references when establishing state income tax regulations. This proposed amendment seeks to provide the state legislature with more adaptable tax-setting powers while simultaneously establishing a clear maximum tax rate.

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=323