HJR 22 -- Property Taxation

Sponsor:  Davis

Upon voter approval, this proposed constitutional amendment
eliminates, beginning January 1, 2011, the property tax on
tangible personal property; limits the property tax revenue on
real property to no more than 1% of the property's true value in
money for any tax year; and authorizes political subdivisions,
upon voter approval, to impose a sales and use tax equal to or
less than any lost revenue as a result of the valuation limit or
the tangible personal property tax exemption.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am