Proposes a constitutional amendment replacing individual and corporate income tax and sales and use tax with a sales tax on retail sales of new tangible property and taxable services

Summary

The resolution would repeal Missouri’s individual and corporate income taxes, franchise taxes and the current sales and use tax, and replace them with a flat 5.11% tax on the retail sale of new tangible personal property, rental property and taxable services. Purchases made for business or investment purposes would be exempt, and qualified families would receive an annual rebate tied to federal poverty guidelines. The change would be submitted to voters for approval in the 2026 election.

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