MO HJR81

Submits to Missouri voters a constitutional amendment to be voted on at the November 2012 general election or a special election called by the governor

Expands the property tax exemption for citizens with total service-connected disabilities to include all real and personal property owned by the disabled citizen and their surviving spouse (if not remarried)

Maintains existing exemptions for state and county property, nonprofit cemeteries, homesteads of former prisoners of war with total service-connected disabilities, and certain business inventories

Requires counties to impose a countywide tax on subclass 3 of class 1 property to replace revenues lost from exempting manufacturer and retailer inventories from taxation

Allows counties to reduce the replacement tax rate if approved by a majority of voters through a county vote initiated by the governing body or petition of at least eight percent of qualified voters