Authorizes counties to enact an earnings tax to replace county real property and personal property taxes

HB 3026 would allow Missouri counties to replace local real and personal property taxes with an earnings tax on wages and business profits, but only after voters approve the change in a county election. The earnings tax would apply to income earned by residents and nonresidents working in the county, as well as business profits, while exempting certain non-profits, life insurance proceeds, and specific income types like deferred compensation. The bill requires that the new tax rate must generate revenue comparable to the current property tax system. This proposal was introduced in 2026 but withdrawn before becoming law.