FIRST REGULAR SESSION
92ND GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVES DAVIS (19), SCHNEIDER, DEMPSEY, STEVENSON, PARKER, RUPP, SANDER (Co-sponsors), BIVINS, DEEKEN, MORRIS, PORTWOOD, HUBBARD, BRUNS, STEFANICK, THRELKELD, SMITH (14), DIXON, KELLY (144), HILGEMANN, COOPER (120), LEMBKE, SCHAAF, CRAWFORD AND WRIGHT.
STEPHEN S. DAVIS, Chief Clerk
Submitting to the qualified voters of Missouri an amendment to article X of the Constitution of Missouri, and adopting one new section relating to taxation of tangible personal property.
Be it resolved by the House of Representatives, the Senate concurring therein:
That at the next general election to be held in the state of Missouri, on Tuesday next following the first Monday in November, 2004, or at a special election to be called by the governor for that purpose, there is hereby submitted to the qualified voters of this state, for adoption or rejection, the following amendment to article X of the Constitution of the state of Missouri:
Section A. Article X, Constitution of Missouri, is amended by adding one new section, to be known as section 6(c), to read as follows:
Section 6(c). In addition to the exemption of property enumerated in section 6 of this article, beginning January 1, 2005, all personal property of a value of five thousand dollars or less, except motor vehicles, held by manufacturers, refiners, distributors, wholesalers, retail merchants or establishments, or commercial business organizations shall be exempt from taxation.