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.
HB 2734 is a proposed bill that would allow counties or cities to levy a property tax (up to 10 cents per $100 assessed value) for senior services, subject to voter approval via a ballot question. If approved, the tax revenue would fund a dedicated "Senior Citizens' Services Fund" managed by a locally appointed board of directors, which must use the money exclusively for programs improving health, nutrition, and quality of life for residents aged 60 and older. The bill requires the board to seek accreditation from a statewide nonprofit organization and pay an annual fee of 1% of fund revenue, while prohibiting fund use for political purposes. This proposal directly affects local governments, taxpayers, and seniors aged 60+ in communities adopting the tax.
HB 2946 reduces Missouri's tax assessment rate for tangible personal property (like business equipment, vehicles, and inventory) over a three-year phase-in. It lowers the assessment percentage from 33.33% before 2027 to 22% in 2027, 11.11% in 2028, and 0.01% (effectively eliminating the tax) starting in 2029. This directly affects businesses and individuals who own taxable tangible personal property subject to county-level property taxes. The bill repeals the existing assessment rate in Section 137.115 of Missouri law and replaces it with these new phased reductions.
HB 2768 imposes a 2% sales tax on retail purchases of industrial hemp-derived consumable products (like edibles or beverages containing ≤0.3% delta-9 THC) starting in 2027. It requires retailers to collect this tax at the point of sale, display it separately on receipts, and remit it to the state. The revenue will fund the hemp business program, directly affecting retailers, manufacturers, and distributors of these products while ensuring consumers pay the tax at checkout. The bill also defines key terms like "consumable product" and "hemp-derived cannabinoid" to clarify regulatory scope.
HB 2975 changes Missouri's personal income tax structure by creating new progressive tax brackets and eliminating tax breaks for certain capital gains. It establishes a temporary top rate of 4.95% for 2023-2026 (down from 5.9%), with potential further reductions if state revenue exceeds specific thresholds. Starting in 2027, new brackets take effect with a 0% rate for income under $2,000, followed by 2.9% to 5.9% rates for higher income levels, adjusted annually for inflation. This bill directly affects all Missouri residents filing state income taxes, altering how their taxable income is calculated under the new rates and brackets.
HB 2756 would revise Missouri's property tax assessment rates by lowering the percentage used to calculate taxes for certain real property classes. Specifically, it reduces the assessment rate for subclass (1) property from 19% to 10%, maintains subclass (2) at 8%, and lowers subclass (3) from 32% to 20%. These changes directly affect property owners and businesses paying real property taxes under these classifications. The bill also includes a specific provision for airport-related property assessments but primarily focuses on adjusting these core tax rates.
HB 2931 restricts how cities and airports can spend tax revenue collected from airport operations. It requires that these funds be used **only** for airport-related costs, such as airport maintenance, capital improvements, or other facilities directly tied to air transportation (like runways or terminals). The bill explicitly prohibits using this revenue for general city expenses, non-airport projects, or unrelated facilities owned by the airport operator. This policy change directly affects cities operating airports and their revenue management practices.
HJR 150 proposes a constitutional amendment that would limit local governments' ability to increase property tax rates without voter approval. It prohibits counties or cities from raising existing property tax rates above current levels without voter consent, and requires automatic tax reductions if property value increases outpace inflation (to maintain the same revenue). The amendment also excludes taxes for bond payments or debt obligations from these limits. This directly affects local governments and property owners by changing how property tax rates can be adjusted based on property values and inflation.
HB 3133 proposes increasing the cigarette tax from $0.17 to $1.50 per pack of 20 cigarettes, requiring voter approval in a November 2026 election. This tax applies to all cigarettes sold in the state and directly affects cigarette consumers, retailers, and manufacturers. Revenue from the tax would initially fund the health initiatives fund (until the legislature appropriates 25% of federal reimbursement funds), then shift to the general revenue fund after 2027. The bill does not take effect without voter approval and specifies how tax stamps must be affixed to cigarette packages.
HB 2709 modifies how local governments adjust property tax rates when property valuations change. It requires counties, school districts, and other political subdivisions to revise tax rates for each property subclass (e.g., residential, commercial) whenever assessed values shift, ensuring they collect roughly the same tax revenue as the previous year - excluding new construction. The bill sets limits: tax rates cannot exceed the highest voter-approved rate from the 1980s (adjusted for inflation), and annual rate increases are capped at the consumer price index or 5%, whichever is lower. This directly affects local governments that collect property taxes, ensuring revenue stability while preventing unchecked rate hikes.
