S.J.Res.115

Missouri SJR115 proposes to amend the state constitution to eliminate the state individual income tax by 2031 if certain revenue triggers are met.

Missouri SJR115 seeks to amend the state constitution to eliminate the state individual income tax starting in 2031, provided that specific revenue triggers are met. The bill also proposes to reduce sales and use tax rates and real property tax levies. It authorizes the expansion of sales and use taxes to include more goods and services, while prohibiting the imposition of income taxes on certain entities. The amendment would be subject to voter approval.