HJR 189 Missouri House · 2026 Regular Session

Proposes a constitutional amendment relating to the creation of a sovereign wealth fund for the state of Missouri

HJR 189 proposes creating Missouri's "Show-Me Prosperity Fund," a permanent endowment designed to eventually eliminate all state taxes. The fund would grow through investments, and only after the state treasurer confirms sufficient annual investment income covers current tax revenue could it fund tax eliminations. Strict rules prevent using the fund's principal, limit annual withdrawals to 2% of its 5-year average value, and require voter approval for tax changes. This would directly affect all Missouri residents by potentially replacing state income, sales, corporate, and other taxes once the fund meets specific growth targets.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 12, 2026 Last action Mar 31, 2026
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
9
Key actions
2
Committee
3
Mar 31, 2026
Lower · Passed
Reported Do Pass (H) - AYES: 11 NOES: 1 PRESENT: 1
lower
Mar 30, 2026
Lower · Passed
Voted Do Pass (H)
lower
Feb 19, 2026
Committee
Referred: Special Committee on Intergovernmental Affairs(H)
lower
Feb 12, 2026
Introduced
Introduced and Read First Time (H)
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Colin Wellenkamp
Colin Wellenkamp
RRepublican
MO
105