HJR 36 -- Fair Taxation

Sponsor:  Emery

Upon voter approval, this proposed constitutional amendment
replaces the state individual and corporate income tax, sales and
use tax, and estate tax with a fair sales tax of 5.11% on retail
sales of new tangible personal property and taxable services
beginning January 1, 2012.  The General Assembly can make one
adjustment to the rate after the imposition of the tax to adjust
the amount of revenue received to make the tax revenue-neutral
and to provide continued funding for programs.  Ingredients and
component parts will be exempt from the new sales tax while all
other exemptions and tax credits will be eliminated.  The
conservation sales tax and the soil and parks sales tax will be
recalculated to produce substantially the same amount of revenue.
Each resident will receive a monthly sales tax rebate based on
the federal poverty level guidelines to offset the sales tax on
basic necessities.

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