Establishes the "Show-Me Prosperity Fund" in Missouri to eliminate state taxes and secure long-term financial independence.
The bill establishes the "Show-Me Prosperity Fund" within the Missouri Constitution. The fund aims to eliminate state-imposed taxes and secure long-term financial independence. The state treasurer will invest the fund in exchange-traded funds tracking the stock performance of the Standard and Poor's 500. The fund can only be appropriated once certain conditions are met, such as reaching a balance of two trillion dollars or January 1, 2127.
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