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MO SJR38

Joint Resolution

Official Source

Status

Introduced

1/4/2012

Primary Sponsor

Will Kraus

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Submits to Missouri voters a constitutional amendment adding Section 18(f) to Article X of the Missouri Constitution
  • Requires 25 percent of state revenues exceeding the prior fiscal year's total by 7.5 percent or more to be refunded to taxpayers
  • Refunds distributed pro rata based on individual income tax liability reported on Missouri state income tax returns filed after the close of the fiscal year
  • Scheduled for voter approval at the general election on Tuesday following the first Monday in November 2012, or at a special election called by the governor

Legislative Description

Requires refunds to taxpayers when state revenues grow by seven and a half percent or more

Last Action

Second Read and Referred S Ways and Means and Fiscal Oversight Committee

1/5/2012

Committee Referrals

Ways And Means And Fiscal Oversight1/5/2012

Full Bill Text

No bill text available