H.J.Res.174

Missouri HJR174 proposes a constitutional amendment to eliminate state individual income tax by 2031 if revenue triggers are met.

Missouri HJR174 proposes a constitutional amendment to eliminate the state individual income tax by 2031 if certain revenue triggers are met. The amendment also includes provisions to reduce sales and use tax rates and prohibits expanding these taxes to new services or transactions. It allows the general assembly to define income for tax purposes and mandates adjustments to sales and use tax rates to maintain revenue levels. The amendment will be submitted to voters for approval.