Bill > SJR115

This joint resolution proposes an amendment to the Missouri Constitution that would eliminate the state individual income tax starting in 2031, provided certain revenue growth triggers are met, which would indicate sufficient tax revenue from other sources. It also allows for the expansion of the sales and use tax base to include services and transactions not previously taxed, with the explicit purpose of facilitating the reduction and elimination of the individual income tax. To offset any increased tax burden from this sales tax expansion, the resolution mandates that state and local sales and use tax rates, as well as other taxes like property or earnings taxes, must be reduced. Furthermore, it clarifies that the state can define income for tax purposes by referencing federal tax laws, with the ability to make specific adjustments, and it prohibits the imposition of new individual income taxes if the top rate falls below 1.4% due to revenue triggers. This amendment will be submitted to the voters for approval at the next general election in November 2026 or a special election called by the governor.

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=1840970