MO HJR30

Submits to Missouri voters a constitutional amendment repealing and replacing section 4(d) of article X of the Constitution of Missouri, to be voted on at the general election in November 2014 or at a special election called by the governor.

Allows the general assembly to define income for income tax purposes by reference to federal tax law as it may be or become effective, including retrospective or prospective changes.

Requires the general assembly to set tax rates and permits exceptions, additions, or modifications to federal tax law provisions when defining income for state taxation.

Mandates that any law creating a new tax credit program or extending an existing tax credit must include provisions repealing, lowering the cap on, or reducing other state tax credits by an equal or greater amount to offset the revenue loss from the new or extended credit.