Missouri 2022 Regular Session

Missouri House Bill HJR122

Introduced
1/20/22  
Refer
1/27/22  
Report Pass
4/28/22  

Caption

Proposes a constitutional amendment to exempt certain persons from personal property tax

Impact

The proposed amendment could have considerable effects on state revenue, particularly regarding local governments that rely on property tax collections for funding essential services. Supporters argue that such an exemption would stimulate economic growth by providing tax relief, potentially encouraging greater investments and financial activity from the exempted groups. However, the concern among opponents centers around the potential gap in funding for local public services, which might adversely affect education, law enforcement, and infrastructure.

Summary

HJR122 proposes a constitutional amendment aimed at exempting certain individuals from personal property tax. This initiative seeks to address financial burdens on specific demographics by removing or alleviating their tax obligations. The bill, by its nature as a constitutional amendment, requires significant public support and legislative backing to be enacted, indicating that its implications could resonate broadly across economic and legislative frameworks within the state.

Contention

Debate surrounding HJR122 is likely to be polarized, with proponents emphasizing the necessity of economic relief for specific populations, while opponents may raise concerns about the precedent it sets for tax policy changes and the long-term fiscal implications. Key points of contention may include discussions on fairness and equity in tax obligations, as well as potential proposals for alternative revenue streams to offset the expected tax revenue losses due to the enactment of this amendment.

Companion Bills

No companion bills found.

Previously Filed As

MO HJR60

Proposes a constitutional amendment to allow the general assembly to exempt tangible personal property from personal property taxation by general law

MO HJR88

Proposes a constitutional amendment to allow the general assembly to exempt tangible personal property from personal property taxation by general law

MO HJR140

Proposes a constitutional amendment exempting from taxation certain real and personal property owned by a veteran with a total service-connected disability

MO HJR96

Proposes a constitutional amendment exempting from taxation certain real and personal property owned by a veteran with a total service-connected disability

MO HJR64

Proposes a constitutional amendment granting homestead and personal property tax exemptions to certain veterans proportional to the veteran's disability rating

MO HJR6

Proposes a constitutional amendment relating to property tax exemptions

MO HJR47

Proposes a constitutional amendment authorizing a property tax exemption for certain property used for childcare

MO HJR74

Proposes an constitutional amendment relating to property tax exemptions for certain disabled veterans

MO HJR89

Proposes a constitutional amendment granting property tax exemptions to certain disabled veterans

MO HJR119

Proposes a constitutional amendment granting property tax exemptions to certain disabled veterans

Similar Bills

No similar bills found.