| 1 | 1 | | FIRSTREGULARSESSION |
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| 2 | 2 | | HOUSEJOINT |
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| 3 | 3 | | RESOLUTION NO.1 |
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| 4 | 4 | | 103RDGENERALASSEMBLY |
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| 5 | 5 | | INTRODUCEDBYREPRESENTATIVEDAVIDSON. |
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| 6 | 6 | | 1138H.01I DANARADEMANMILLER,ChiefClerk |
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| 7 | 7 | | JOINTRESOLUTION |
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| 8 | 8 | | SubmittingtothequalifiedvotersofMissourianamendmentrepealingSections20and26of |
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| 9 | 9 | | ArticleXoftheConstitutionofMissouri,andadoptingthreenewsectionsinlieu |
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| 10 | 10 | | thereofrelatingtostaterevenue. |
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| 11 | 11 | | BeitresolvedbytheHouseofRepresentatives,theSenateconcurringtherein: |
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| 12 | 12 | | ThatatthenextgeneralelectiontobeheldinthestateofMissouri,onTuesdaynext |
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| 13 | 13 | | 2followingthefirstMondayinNovember,2026,orataspecialelectiontobecalledbythe |
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| 14 | 14 | | 3governorforthatpurpose,thereisherebysubmittedtothequalifiedvotersofthisstate,for |
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| 15 | 15 | | 4adoptionorrejection,thefollowingamendmenttoArticleXoftheConstitutionofthestateof |
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| 16 | 16 | | 5Missouri: |
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| 17 | 17 | | SectionA.Sections20and26,ArticleX,ConstitutionofMissouri,arerepealedand |
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| 18 | 18 | | 2threenewsectionsadoptedinlieuthereof,tobeknownasSections20,20(a),and26,toread |
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| 19 | 19 | | 3asfollows: |
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| 20 | 20 | | Section20.1.Noexpensesofstategovernmentshallbeincurredinanyfiscalyear |
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| 21 | 21 | | 2whichexceedthesumoftherevenuelimitestablishedinsections18and19ofthisarticle |
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| 22 | 22 | | 3plusfederalfundsandanysurplusfromapreviousfiscalyear. |
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| 23 | 23 | | 4 2.(1)TheappropriationauthorityofthegeneralassemblyunderSection36of |
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| 24 | 24 | | 5ArticleIIIofthisconstitutionshallbelimitedasprovidedunderthissubsection.The |
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| 25 | 25 | | 6totalamountofmoneysavailableforappropriationeachfiscalyearshallbelimitedas |
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| 26 | 26 | | 7follows: |
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| 27 | 27 | | EXPLANATION—Matterenclosedinbold-facedbrackets[thus] intheabovebillisnotenactedandis |
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| 28 | 28 | | intendedtobeomittedfromthelaw.Matterinbold-facetypeintheabovebillisproposedlanguage. 8 (a)Ifthepopulationofthestateincreasedinthemostrecentfullcalendaryear |
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| 29 | 29 | | 9bymorethanonepercentfromthecalendaryearimmediatelyprecedingsuchcalendar |
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| 30 | 30 | | 10year,thegeneralassemblyshallhaveaspendinglimitequaltoonehundredpercentof |
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| 31 | 31 | | 11themostrecentyear'sappropriationinwhichnoappropriationismadeunder |
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| 32 | 32 | | 12subsection3ofthissectionplusthepercentageofthestatepopulationincrease,which |
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| 33 | 33 | | 13shallbeappliedasthepercentofthetotalmoneysavailableforappropriation; |
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| 34 | 34 | | 14 (b)Ifthepopulationofthestateincreasedinthemostrecentfullcalendaryear |
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| 35 | 35 | | 15byonepercentorlessfromthecalendaryearimmediatelyprecedingsuchcalendaryear, |
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| 36 | 36 | | 16thegeneralassemblyshallhaveaspendinglimitequaltoonehundredandonepercent |
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| 37 | 37 | | 17ofthemostrecentyear'sappropriationinwhichnoappropriationismadeunder |
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| 38 | 38 | | 18subsection3ofthissection;or |
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| 39 | 39 | | 19 (c)Ifthepopulationofthestatedecreasedinthemostrecentfullcalendaryear, |
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| 40 | 40 | | 20thegeneralassemblyshallhaveaspendinglimitequaltoonehundredpercentofthe |
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| 41 | 41 | | 21mostrecentyear’sappropriationinwhichnoappropriationismadeundersubsection3 |
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| 42 | 42 | | 22ofthissectionminusthepercentageofthestatepopulationdecrease. |
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| 43 | 43 | | 23 (2)Whencalculatingthespendinglimitationontheappropriationauthorityof |
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| 44 | 44 | | 24thegeneralassemblyasprovidedunderthissubsection,alldeductions,exemptions, |
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| 45 | 45 | | 25credits,andothertaxpreferencesissuedinthepreviousfiscalyearshallbeincludedin |
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| 46 | 46 | | 26thecalculationofthespendinglimitation. |
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| 47 | 47 | | 27 3.(1)Thespendinglimitationontheappropriationauthorityofthegeneral |
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| 48 | 48 | | 28assemblyundersubsection2ofthissectionmayberaisedifthefollowingconditionsare |
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| 49 | 49 | | 29met: |
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| 50 | 50 | | 30 (a)Thegovernorrequeststhegeneralassemblytoapproveandauthorizean |
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| 51 | 51 | | 31appropriation;and |
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| 52 | 52 | | 32 (b)Thegeneralassemblyapprovestherequestinaccordancewiththespecifics |
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| 53 | 53 | | 33ofthegovernor'srequestbyatwo-thirdsvoteofthememberselectedtoandservingin |
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| 54 | 54 | | 34eachhouse. |
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| 55 | 55 | | 35 (2)Oncetheconditionsundersubdivision(1)ofthissubsectionaremet,the |
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| 56 | 56 | | 36spendinglimitationontheappropriationauthorityofthegeneralassemblyshallbe |
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| 57 | 57 | | 37equaltoonehundredtwopercentofthepreviousyear'sappropriation.Thisone- |
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| 58 | 58 | | 38hundred-two-percentlimitshallremainineffectuntilthegovernor'sappropriation |
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| 59 | 59 | | 39requestisrescindedoruntiltwelvemonthshavepassedsincetherequestwasmade, |
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| 60 | 60 | | 40whicheveroccursfirst. |
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| 61 | 61 | | Section20(a).1.(1)Thereisherebyestablishedwithinthestatetreasuryafund |
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| 62 | 62 | | 2tobeknownasthe"TaxReformFund",whichshallconsistofmoneyscollectedunder |
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| 63 | 63 | | 3subsection2ofthissection.Moneysinthefundshallbekeptinasingularaccounttobe |
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| 64 | 64 | | 4expendedpursuanttoappropriationbythegeneralassemblyiftheconditionsunder |
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| 65 | 65 | | HJR1 2 5subsection3ofthissectionaremetandusedsolelyforthepurposeofsupplementinga |
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| 66 | 66 | | 6fullfiscalyearbudgetaryshortfallasdescribedundersubsection3ofthissectionand |
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| 67 | 67 | | 7fornootherpurpose. |
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| 68 | 68 | | 8 (2)Thestatetreasurershallinvestmoneysinthefundinthesamemanneras |
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| 69 | 69 | | 9otherfundsareinvested.Anyinterestandmoneysearnedonsuchinvestmentsshallbe |
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| 70 | 70 | | 10creditedtothefund. |
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| 71 | 71 | | 11 (3)Subjecttotheprovisionsofsubsection3ofthissection,theunexpended |
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| 72 | 72 | | 12balanceinthetaxreformfundatthecloseofanyfiscalyearshallremaininthefund. |
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| 73 | 73 | | 13 2.(1)ForallfiscalyearsbeginningonorafterJuly1,2027,iftheamountofnet |
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| 74 | 74 | | 14generalrevenuecollected,asdefinedunderSection27(a)ofArticleIVofthis |
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| 75 | 75 | | 15constitution,exceedstheanticipatedgeneralfundrevenueexpendituresforafiscalyear |
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| 76 | 76 | | 16byonemilliondollarsormore,eachfiscalyearthatsuchsurplusisrealized,such |
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| 77 | 77 | | 17surplusinexcessofonemilliondollarsshallbedepositedintothetaxreformfund. |
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| 78 | 78 | | 18 (2)Inasubsequentyearwhereasurplusofonemilliondollarsormoreis |
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| 79 | 79 | | 19realized,ifthetaxreformfundreachesandmaintainsaminimumbalancethatis |
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| 80 | 80 | | 20greaterthanorequaltoonehundredtwentymilliondollars,thegeneralassemblyshall |
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| 81 | 81 | | 21authorizebygenerallawapersonalincometaxdecreasetriggerofone-tenthofone |
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| 82 | 82 | | 22percentorgreater.Ifthebalanceofthetaxreformfundexceedsonehundredtwenty |
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| 83 | 83 | | 23milliondollars,thegeneralassemblyshallauthorizebygenerallawadditionalpersonal |
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| 84 | 84 | | 24incometaxdecreasesinanamountequaltoorgreaterthanone-twentiethofonepercent |
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| 85 | 85 | | 25foreverysixtymilliondollarsoveronehundredtwentymilliondollarsinthetaxreform |
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| 86 | 86 | | 26fund.Thereshallbenocaponthenumberofreductionsauthorizedunderthis |
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| 87 | 87 | | 27subdivisionandsuchdecreasesshallremainineffectuntilthepersonalincometaxis |
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| 88 | 88 | | 28reducedtozero. |
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| 89 | 89 | | 29 (3)Uponthereductionandeliminationofthepersonalincometax,thegeneral |
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| 90 | 90 | | 30assemblyshallutilizethetaxreformfundtograduallyreduceandeliminatethe |
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| 91 | 91 | | 31corporateincometax. |
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| 92 | 92 | | 32 (4)Afterbothpersonalincometaxesandcorporateincometaxeshavebeen |
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| 93 | 93 | | 33reducedtozero,thetaxreformfundshallcontinuetocollectrevenueandshallbeused |
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| 94 | 94 | | 34onlytosupplementbudgetshortfallsasdescribedundersubsection3ofthissection |
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| 95 | 95 | | 35followingfiscalyearswherethegeneralassemblyenactedataxreduction. |
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| 96 | 96 | | 36 (5)Afterpersonalincometaxisreducedtozero,itshallremainatzero. |
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| 97 | 97 | | 37 (6)Aftercorporateincometaxisreducedtozero,itshallremainatzero. |
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| 98 | 98 | | 38 (7)Thegeneralassemblymayappropriatefundstothecreditofthetaxreform |
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| 99 | 99 | | 39fund. |
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| 100 | 100 | | 40 3.Ifthestateexperiencesabudgetaryshortfallinthenextfiscalyear |
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| 101 | 101 | | 41immediatelysucceedingtheimplementationofapersonalincometaxdecrease,thetax |
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| 102 | 102 | | HJR1 3 42reformfundmaybeusedduringtheimmediatelysucceedingappropriationperiodto |
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| 103 | 103 | | 43supplementareasofnecessaryfundingintheorderofthegeneralassembly'sauthorized |
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| 104 | 104 | | 44appropriationspriorityforthenextfiscalyear'sbudget.Themoneysfromthefundthat |
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| 105 | 105 | | 45maybeusedforsuchsupplementalfundingshallbeinanamountnottoexceedthe |
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| 106 | 106 | | 46lesserofthatyear’sbudgetaryshortfallorsixtymilliondollarsforeveryone-twentieth |
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| 107 | 107 | | 47ofonepercentdecreasefromthepersonalincometaxfromthepreviousyear. |
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| 108 | 108 | | 48 4.(1)Subjecttotheenactmentofapersonalincometaxdecreasetriggerby |
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| 109 | 109 | | 49generallawasprovidedundersubdivision(2)ofsubsection2ofthissection,iftheone- |
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| 110 | 110 | | 50million-dollarsurplustriggerundersubdivision(2)ofsubsection2ofthissectionwas |
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| 111 | 111 | | 51realizedinthepreviousfiscalyear,thepersonalincometaxdecreasetriggershallbe |
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| 112 | 112 | | 52implementedbythedepartmentofrevenuetotakeeffectonJanuaryfirstofthe |
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| 113 | 113 | | 53calendaryearimmediatelyfollowingthecloseofthefiscalyearinwhichtheone-million- |
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| 114 | 114 | | 54dollarsurplusamountwasrealized. |
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| 115 | 115 | | 55 (2)Thedepartmentofrevenueshallimplementanannualprocesstoreviewand |
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| 116 | 116 | | 56reportfuturereductionconditionsatthesametimeandinthesamemannerasunder |
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| 117 | 117 | | 57chapter143. |
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| 118 | 118 | | 58 5.Thegeneralassemblyshallenactsuchlawsasmaybenecessarytocarryout |
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| 119 | 119 | | 59theprovisionsofthissection. |
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| 120 | 120 | | Section26.[Inordertoprohibitanincreaseinthetaxburdenonthecitizensof |
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| 121 | 121 | | 2Missouri,stateandlocalsalesandusetaxes(oranysimilartransaction-basedtax)shallnotbe |
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| 122 | 122 | | 3expandedtoimposetaxesonanyserviceortransactionthatwasnotsubjecttosales,useor |
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| 123 | 123 | | 4similartransaction-basedtaxonJanuary1,2015] 1.(1)Thetotalamountofstatesalestax |
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| 124 | 124 | | 5imposedbygenerallaw,excludinganyadditionalsalestaximposedunderthis |
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| 125 | 125 | | 6constitution,shallbecappedandtherateofsalestaxshallbeataxequivalenttothree |
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| 126 | 126 | | 7andsevenhundredseventy-fivethousandthspercent,leviedandimposeduponallsellers |
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| 127 | 127 | | 8fortheprivilegeofsellingtangiblepersonalpropertyorrenderingtaxableservicesat |
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| 128 | 128 | | 9retailinthisstateuponthesalesandservicesthatnowareorhereafterarelistedandset |
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| 129 | 129 | | 10forthin,andexceptastotheamountoftax,subjecttotheprovisionsofandtobe |
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| 130 | 130 | | 11collectedasprovidedinthe"SalesTaxLaw"andsubjecttotherulesandregulations |
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| 131 | 131 | | 12promulgatedinconnectiontherewith. |
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| 132 | 132 | | 13 (2)Theprovisionsofsubdivision(1)ofthissubsectionshallbecomeeffective |
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| 133 | 133 | | 14uponthepassagebythegeneralassemblyandapprovalbythegovernorofanybill |
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| 134 | 134 | | 15authorizingthestatutoryimpositionofastatesalesorusetaxonanyservicethatwas |
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| 135 | 135 | | 16notsubjecttosales,use,orsimilartransaction-basedtaxonJanuary1,2015.The |
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| 136 | 136 | | 17reductionintherateoftaxundersubdivision(1)ofthissubsectionshalltakeeffecton |
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| 137 | 137 | | 18theimmediatelysucceedingJanuaryfirst,followingthepassageandapprovalofsuch |
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| 138 | 138 | | 19bill. |
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| 139 | 139 | | HJR1 4 20 2.Anadditionalstatesalestaxisleviedfortherenderingoflobbyingservicesin |
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| 140 | 140 | | 21thisstate.Thetaxshallbeatarateequivalenttosixpercent. |
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| 141 | 141 | | SectionB.Pursuanttochapter116,andotherapplicableconstitutionalprovisionsand |
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| 142 | 142 | | 2lawsofthisstateallowingthegeneralassemblytoadoptballotlanguageforthesubmissionof |
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| 143 | 143 | | 3thisjointresolutiontothevotersofthisstate,theofficialsummarystatementofthis |
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| 144 | 144 | | 4resolutionshallbeasfollows: |
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| 145 | 145 | | 5 "ShalltheMissouriConstitutionbeamendedto: |
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| 146 | 146 | | 6 •Createa"TaxReformFund",whichwoulduseexcessrevenuetoreduceand |
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| 147 | 147 | | 7graduallyeliminateMissouriincometaxes; |
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| 148 | 148 | | 8 •ImposeanannualspendinglimitontheMissouriGeneralAssembly; |
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| 149 | 149 | | 9 •Capthestatutorystatesalestaxrate; |
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| 150 | 150 | | 10 •Imposeasalestaxonlobbyingservices;and |
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| 151 | 151 | | 11 •Repealtheprohibitiononcertainnewsalesandusetaxes?". |
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| 152 | 152 | | ✔ |
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| 153 | 153 | | HJR1 5 |
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