S.J.Res.98

Missouri SJR98 proposes replacing the property tax on real property with a sales tax.

Missouri SJR98 seeks to amend the state constitution to replace the property tax on real property with a sales tax. Beginning January 1, 2027, counties will impose a sales tax on the sale of property in class 1. Taxpayers can choose to remit the tax in various installments. The amendment prohibits expanding sales and use taxes to services or transactions not taxed as of January 1, 2015, except for real property purchases. All revenue will be collected and distributed by the county as the ad valorem property tax.