Effort to eliminate Missouri's income tax moves forward after Senate approval. What's next?
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A proposed constitutional amendment to eliminate Missouri's income tax has passed the Senate and is one step away from going on the ballot. The amendment would allow lawmakers to modify sales and use taxes to make up for lost revenue.
A proposed constitutional amendment to eliminate Missouri's income tax has passed the Senate with an 18-11 vote. The amendment now goes back to the House for approval. If passed, it will be put on the ballot. The proposal allows lawmakers to modify sales and use taxes to compensate for lost revenue. Proponents argue it will make Missouri more competitive, while opponents say it will lead to large tax hikes on sales and use taxes, affecting seniors and disabled veterans. The Senate made changes to the original House resolution, removing a mechanism that would have automatically lowered the state income tax. Lawmakers now have a five-year window to expand transaction-based taxes to make up for lost revenue.
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