Modifies provisions related to the "circuit breaker" property tax credit, reenacts the Missouri Homestead Preservation Tax Credit Program, and implements a homestead exemption for certain individuals
Authorizes the Tax Reform Fund for certain revenue surpluses and implements personal income tax and sales and use tax triggers based on certain funding and revenue surpluses being met
Proposes a constitutional amendment to impose an appropriation spending limitation and to establish the "Tax Reform Fund" to be used to fund budgetary shortfalls, subject to an appropriation limitation, implement sales tax changes, and allow for certain taxation changes based on revenue triggers, by general law