Summary of the Introduced Bill

HB 1185 -- School District Alternative Funding Act

Sponsor:  Dixon

This bill establishes the School District Alternative Funding Act
which allows school districts to adopt, by voter approval, a
personal income tax, sales tax, or both.  Moneys raised by the
taxes will not be deducted from a district's state school aid.
For either tax, the school district must specify the purpose of
the tax and the period of time for which the tax will be imposed,
not to exceed three years.  The income tax will be a 5%, 10%, or
15% surcharge on state personal income tax and may be used for
property tax reduction, in which case it may be imposed for up to
five years.  The sales tax may be up to one cent, in eighth-cent
increments.  Provisions for the handling and transfer of funds
and the procedures for holding the election are specified.

Copyright (c) Missouri House of Representatives

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:21 am