S.J.Res.74

Missouri SJR74 proposes an amendment to the state constitution to allow counties to impose an income tax on residents.

Missouri SJR74 seeks to amend the state constitution by adding a new section that allows counties to impose an income tax on residents. This tax can only be levied if the state income tax rate falls below 4.5%. The combined rate of the state and county income taxes cannot exceed 4.5%. The tax must be approved by voters in a county election. The collected tax funds will be deposited in a special trust fund, not subject to state appropriation, and distributed to the respective counties. The amendment aims to ensure sufficient funding for essential services.