Proposes a constitutional amendment modifying provisions relating to taxation of real property

HJR 148 proposes a constitutional amendment that would temporarily adjust property tax levies for certain Missouri school districts affected by a federal court order. It allows these districts to set property tax rates lower than the court-ordered 1995 rate until December 31, 2026, with voter approval needed for rates at or above the original court rate. For 2027, it requires school districts to set levies to maintain prior revenue levels adjusted for inflation (using the Consumer Price Index), then reverts to standard constitutional tax rules starting in 2028. This directly affects school districts with historical court-ordered property tax rates. The amendment must be approved by voters before taking effect.