SB1262

Modifies earnings tax provisions in Missouri, allowing cities to continue or phase out the tax based on voter approval.

This bill modifies provisions relating to earnings tax in Missouri. It allows cities to continue imposing an earnings tax if a majority of voters approve it in local elections. If voters decide against continuing the tax, it will be phased out over ten years. The bill also prohibits cities that did not impose an earnings tax as of November 2, 2010, from doing so in the future.