Summary of the Introduced Bill

HJR 68 -- Property Taxation

Sponsor:  Davis

Upon voter approval, beginning January 1, 2011, this proposed
constitutional amendment eliminates personal property tax; limits
the property tax revenue on real property to 1% of the property's
true value; and authorizes taxing districts to levy and impose,
upon the approval of the voters in the district, a sales and use
tax equal to or less than the revenue lost due to the elimination
of personal property tax.

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Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:14 pm