Establishes a sales and use tax exemption for certain disabled veterans
Impact
If enacted, HJR69 would provide substantial financial relief to disabled veterans and their surviving spouses through tax exemptions. Eligible veterans would be entitled to tax-free purchases of goods and services, with a cap set at $25,000 annually for living veterans. Additionally, the surviving spouses of deceased disabled veterans would be eligible for tax exemptions on up to $1,000 in purchases per year, provided they have not remarried. This amendment indicates a significant benefit designed to support those who have served the nation and provide continued assistance to their families.
Summary
HJR69 is a proposed amendment to Article X of the Missouri Constitution that aims to establish sales and use tax exemptions for certain qualified disabled veterans. Specifically, this resolution proposes that all tangible personal property or services sold to eligible disabled veterans be exempt from state and local sales taxes. The resolution defines eligibility based on the veteran's residency in Missouri, honorable service separation, and certification of disability by the United States Department of Veterans Affairs, with benefits assessed at a 100% rating due to service-connected disabilities.
Contention
One notable point of contention surrounding HJR69 may arise regarding its funding implications and the potential impact on state revenue. Critics may express concerns that widespread tax exemptions could lead to decreased funds available for public services, which are essential for the wider community, including other veterans not covered by this particular amendment. Advocates may argue that the benefits provided to a specific group of veterans are necessary for equity and recognition of their sacrifices, while opponents might contend that such measures could complicate tax laws and disproportionately benefit a limited demographic.