MO HJR67

Submits to Missouri voters a constitutional amendment repealing and replacing section 6 of article X relating to property taxation.

Adds new exemption from property taxation for all real and personal property owned by any Missouri citizen who is 65 years of age or older.

Maintains existing exemptions for state and county property, nonprofit cemeteries, industrial inventories, and property used for religious worship, schools, charities, and veterans' organizations.

Requires counties to impose a countywide tax on commercial property (subclass 3 of class 1) to replace revenues lost from personal property exemptions for manufacturers, refiners, distributors, and retail merchants.

Allows voters in a county to approve decreases to the replacement tax rate through majority vote or by petition of at least 8 percent of qualified voters from the preceding gubernatorial election.