Modifies provisions relating to taxation

This bill proposes an amendment to the Missouri Constitution to change how state and local taxes are structured. It allows the General Assembly to define income for tax purposes using federal laws and sets a maximum state income tax rate of 5.5%. Additionally, it prevents sales taxes from being expanded to cover new services or transactions that were not taxed as of January 1, 2015, with specific exceptions for digital subscriptions and online purchases. The measure also bans sales taxes on video services if a separate franchise fee is already charged to the provider. If approved by voters, these changes would take effect at the next general election in November 2024.