Missouri 2024 Regular Session

Missouri Senate Bill SJR58 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1
2	2	EXPLANATION-Matter enclosed in bold-faced brackets [thus] in this bill is not enacted
3	3	and is intended to be omitted in the law.
4	4	SECOND REGULAR SESSION
5	5	SENATE JOINT RESOLUTION NO. 58
6	6	102ND GENERAL ASSEMBLY
7	7	INTRODUCED BY SENATOR LUETKEMEYER.
8	8	3794S.01I KRISTINA MARTIN, Secretary
9	9	JOINT RESOLUTION
10	10	Submitting to the qualified voters of Missouri, an amendment repealing section 6 of article X of
11	11	the Constitution of Missouri, and adopting one new section in lieu thereof relating to
12	12	property tax exemptions.
13	13
14	14	Be it resolved by the Senate, the House of Representatives concurring therein:
15	15	That at the next general election to be held in the 1
16	16	state of Missouri, on Tuesday next following the first Monday 2
17	17	in November, 2024, or at a special election to be called by 3
18	18	the governor for that purpose, there is hereby submitted to 4
19	19	the qualified voters of this state, for adoption or 5
20	20	rejection, the following amendment to article X of the 6
21	21	Constitution of the state of Missouri:7
22	22	Section A. Section 6, article X, Constitution of Missouri, 1
23	23	is repealed and one new section adopted in lieu thereof, to be 2
24	24	known as section 6, to read as follows:3
25	25	Section 6. 1. All property, real and personal, of the 1
26	26	state, counties and other political subdivisions, and 2
27	27	nonprofit cemeteries, [and] all real property used as a 3
28	28	homestead as defined by law of any citizen of this state who 4
29	29	is a former prisoner o f war, as defined by law, and [who has 5
30	30	a total service-connected disability, ] all real property 6
31	31	used as a homestead as defined by law of any disabled 7
32	32	veteran shall be exempt from taxation; all personal property 8
33	33	held as industrial inventories, including raw materials, 9
34	34	work in progress and finished work on hand, by manufacturers 10 SJR 58 2
35	35	and refiners, and all personal property held as goods, 11
36	36	wares, merchandise, stock in trade or inventory for resale 12
37	37	by distributors, wholesalers, or retail merchants or 13
38	38	establishments shall be exempt from taxation; and all 14
39	39	property, real and personal, not held for private or 15
40	40	corporate profit and used exclusively for religious worship, 16
41	41	for schools and colleges, for purposes purely charitable, 17
42	42	for agricultural and horticultura l societies, or for 18
43	43	veterans' organizations may be exempted from taxation by 19
44	44	general law. In addition to the above, household goods, 20
45	45	furniture, wearing apparel and articles of personal use and 21
46	46	adornment owned and used by a person in his home or dwelli ng 22
47	47	place may be exempt from taxation by general law but any 23
48	48	such law may provide for approximate restitution to the 24
49	49	respective political subdivisions of revenues lost by reason 25
50	50	of the exemption. All laws exempting from taxation property 26
51	51	other than the property enumerated in this article, shall be 27
52	52	void. The provisions of this section exempting certain 28
53	53	personal property of manufacturers, refiners, distributors, 29
54	54	wholesalers, and retail merchants and establishments from 30
55	55	taxation shall become effectiv e, unless otherwise provided 31
56	56	by law, in each county on January 1 of the year in which 32
57	57	that county completes its first general reassessment as 33
58	58	defined by law. 34
59	59	2. All revenues lost because of the exemption of 35
60	60	certain personal property of manufactur ers, refiners, 36
61	61	distributors, wholesalers, and retail merchants and 37
62	62	establishments shall be replaced to each taxing authority 38
63	63	within a county from a countywide tax hereby imposed on all 39
64	64	property in subclass 3 of class 1 in each county. For the 40
65	65	year in which the exemption becomes effective, the county 41
66	66	clerk shall calculate the total revenue lost by all taxing 42 SJR 58 3
67	67	authorities in the county and extend upon all property in 43
68	68	subclass 3 of class 1 within the county, a tax at the rate 44
69	69	necessary to produce that amount. The rate of tax levied in 45
70	70	each county according to this subsection shall not be 46
71	71	increased above the rate first imposed and will stand levied 47
72	72	at that rate unless later reduced according to the 48
73	73	provisions of subsection 3. The county collector shall 49
74	74	disburse the proceeds according to the revenue lost by each 50
75	75	taxing authority because of the exemption of such property 51
76	76	in that county. Restitution of the revenues lost by any 52
77	77	taxing district contained in more than one county shall be 53
78	78	from the several counties according to the revenue lost 54
79	79	because of the exemption of property in each county. Each 55
80	80	year after the first year the replacement tax is imposed, 56
81	81	the amount distributed to each taxing authority in a county 57
82	82	shall be increased or decreas ed by an amount equal to the 58
83	83	amount resulting from the change in that district's total 59
84	84	assessed value of property in subclass 3 of class 1 at the 60
85	85	countywide replacement tax rate. In order to implement the 61
86	86	provisions of this subsection, the limits set in section 62
87	87	11(b) of this article may be exceeded, without voter 63
88	88	approval, if necessary to allow each county listed in 64
89	89	section 11(b) to comply with this subsection. 65
90	90	3. Any increase in the tax rate imposed pursuant to 66
91	91	subsection 2 of this section s hall be decreased if such 67
92	92	decrease is approved by a majority of the voters of the 68
93	93	county voting on such decrease. A decrease in the increased 69
94	94	tax rate imposed under subsection 2 of this section may be 70
95	95	submitted to the voters of a county by the governi ng body 71
96	96	thereof upon its own order, ordinance, or resolution and 72
97	97	shall be submitted upon the petition of at least eight 73 SJR 58 4
98	98	percent of the qualified voters who voted in the immediately 74
99	99	preceding gubernatorial election. 75
100	100	4. (1) As used in this section , the terms "revenues 76
101	101	lost" and "lost revenues" shall mean that revenue which each 77
102	102	taxing authority received from the imposition of a tangible 78
103	103	personal property tax on all personal property held as 79
104	104	industrial inventories, including raw materials, work in 80
105	105	progress and finished work on hand, by manufacturers and 81
106	106	refiners, and all personal property held as goods, wares, 82
107	107	merchandise, stock in trade or inventory for resale by 83
108	108	distributors, wholesalers, or retail merchants or 84
109	109	establishments in the last f ull tax year immediately 85
110	110	preceding the effective date of the exemption from taxation 86
111	111	granted for such property under subsection 1 of this 87
112	112	section, and which was no longer received after such 88
113	113	exemption became effective. 89
114	114	(2) As used in this section , the term "disabled 90
115	115	veteran" shall mean an individual who: 91
116	116	(a) Is a resident of this state; 92
117	117	(b) Has been separated under honorable conditions from 93
118	118	active service in: 94
119	119	a. Any branch of the Armed Forces of the United States; 95
120	120	b. Any reserve component of the Armed Forces of the 96
121	121	United States; 97
122	122	c. The National Guard of this state as defined in 32 98
123	123	U.S.C. Section 101, as amended; or 99
124	124	d. Any defense force of this state as described in 32 100
125	125	U.S.C. Section 109, as amended; and 101
126	126	(c) Has been certified by the United States Department 102
127	127	of Veterans Affairs or its successor agency to be in receipt 103
128	128	of disability compensation at the one hundred percent rate 104
129	129	as a result of a service -connected disability claim allowed 105 SJR 58 5
130	130	by the United States Department of Veterans Affairs, with 106
131	131	such disability being permanent and sustained through 107
132	132	military action or accident or resulting from disease 108
133	133	contracted while in such active service. 109
134	134	Section B. Pursuant to chapter 116, and other 1
135	135	applicable constitutional provisions and laws of this state 2
136	136	allowing the general assembly to adopt ballot language for 3
137	137	the submission of this joint resolution to the voters of 4
138	138	this state, the official summary statement of this 5
139	139	resolution shall be as follows: 6
140	140	"Shall the Missouri Constitution be amended to 7
141	141	exempt veterans of the Armed Forces with a total 8
142	142	service-connected disability from property tax 9
143	143	on the veteran's real property?" 10
144	144	