H.J.Res.143

Missouri HJR143 proposes a constitutional amendment allowing counties to exempt eligible motor vehicles from personal property taxes.

Missouri HJR143 proposes a constitutional amendment authorizing counties to exempt eligible motor vehicles from personal property taxes. The amendment requires approval by at least eight percent of qualified voters from the preceding gubernatorial election. The bill also addresses the replacement of lost revenues due to exemptions, ensuring that taxing authorities receive compensation from a countywide tax on certain property. The amendment would become effective in each county on January 1 of the year following the county's first general reassessment.