FIRST REGULAR SESSION
SENATE JOINT RESOLUTION NO. 7
103RD GENERAL ASSEMBLY
INTRODUCED BY SENATOR BRATTIN.
1416S.01I KRISTINA MARTIN, Secretary
JOINT RESOLUTION
Submitting to the qualified voters of Missouri, an amendment repealing section 26 of article X of
the Constitution of Missouri, and adopting two new sections in lieu thereof relating to
the taxation of real property.
Be it resolved by the Senate, the House of Representatives concurring therein:
That at the next general election to be held in the 1
state of Missouri, on Tuesday next following the first Monday 2
in November, 2026, or at a special election to be called by 3
the governor for that purpose, there is hereby submitted to 4
the qualified voters of this state, for adoption or 5
rejection, the following amendment to article X of the 6
Constitution of the state of Missouri:7
Section A. Section 26, article X, Consti tution of 1
Missouri, is repealed and two new sections adopted in lieu 2
thereof, to be known as sections 4(e) and 26, to read as 3
follows:4
Section 4(e). 1. Notwithstanding any provision of 1
this article to the contrary, for all years beginning on or 2
after January 1, 2027, no county or political subdivision 3
shall be authorized to levy or collect a tax on property in 4
class 1. 5
2. In lieu of an ad valorem tax on property in class 6
1, beginning January 1, 2027, a county shall impose a sales 7
tax on the sale of property in class 1 at a rate equal to 8
the total combined rate of sales taxes in effect at the 9 SJR 7 2
location of the property, including the state sales tax 10
rate, provided that all revenue generated by such tax shall 11
be collected and distributed by the county in the same 12
manner as the ad valorem property tax levied prior to 13
January 1, 2027. A taxpayer shall select one of the 14
following methods to remit the tax imposed by this 15
subsection: 16
(1) The taxpayer shall remit all tax due to the co unty 17
collector upon the transfer of title of the property; 18
(2) The taxpayer shall remit ten percent of the sales 19
tax due to the county collector upon the transfer of title 20
of the property. The remaining amount of sales tax due 21
shall be remitted to the county collector five years after 22
the date of the transfer of title of the property and which 23
shall be paid in equal annual installments; 24
(3) The taxpayer shall remit ten percent of the sales 25
tax due to the county collector upon the transfe r of title 26
of the property. The remaining amount of sales tax due 27
shall be remitted to the county collector ten years after 28
the date of the transfer of title of the property and which 29
shall be paid in equal annual installments; or 30
(4) The taxpayer shall remit ten percent of the sales 31
tax due to the county collector upon the transfer of title 32
of the property. The remaining amount of sales tax due 33
shall be remitted to the county collector fifteen years 34
after the date of the transfer of title o f the property and 35
which shall be paid in equal annual installments. 36
Financial institutions that are mortgage servicers shall pay 37
sales tax obligations which they service from escrow 38
accounts in one payment by the required due date. 39 SJR 7 3
3. In lieu of an ad valorem tax on property in class 40
1, beginning January 1, 2027, a county shall impose a tax on 41
property in class 1 that was purchased prior to January 1, 42
2027, by the taxpayer owning such property as of January 1, 43
2027, in an amount equal to the t otal combined rate of sales 44
taxes in effect at the location of the property, including 45
the state sales tax rate, multiplied by the remaining 46
mortgage balance on such property as of January 1, 2027, 47
provided that all revenue generated by such tax shall be 48
collected and distributed by the county in the same manner 49
as the ad valorem property tax levied prior to January 1, 50
2027. A taxpayer shall select one of the following methods 51
to remit the tax imposed by this subsection: 52
(1) The taxpayer shall remit all tax due to the county 53
collector no later than December 31, 2027; 54
(2) The taxpayer shall remit all tax due to the county 55
collector no later than December 31, 2032, which shall be 56
paid in equal annual installments; 57
(3) The taxpayer shall remit all tax due to the county 58
collector no later than December 31, 2037, which shall be 59
paid in equal annual installments; or 60
(4) The taxpayer shall remit all tax due to the county 61
collector no later than December 31, 2042, which shall be 62
paid in equal annual installments. 63
Financial institutions that are mortgage servicers shall pay 64
such tax obligations which they service from escrow accounts 65
in one payment by the required due date. 66
Section 26. In order to prohibit a n increase in the 1
tax burden on the citizens of Missouri, state and local 2
sales and use taxes (or any similar transaction -based tax) 3
shall not be expanded to impose taxes on any service or 4 SJR 7 4
transaction that was not subject to sales, use or similar 5
transaction-based tax on January 1, 2015 , except for 6
purchases of real property taxed pursuant to section 4(e) of 7
this article. 8