H.J.Res.155

Missouri HJR155 proposes a constitutional amendment to replace income and sales taxes with a sales tax on new tangible property and services.

Missouri HJR155 proposes a constitutional amendment to eliminate individual and corporate income tax and sales and use tax. It would replace these taxes with a sales tax on retail sales of new tangible property and taxable services. The amendment includes provisions for a sales tax rebate for qualified families and requires recalculation of local tax rates to maintain revenue levels. The amendment would take effect for tax years beginning on or after January 1, 2028.