MO HJR23

Proposes a constitutional amendment to eliminate Missouri's state individual income tax, with rates capped at 3% starting January 1, 2017, and full repeal effective January 1, 2019

Repeals existing state sales and use tax laws effective January 1, 2017, and replaces them with a new sales tax on goods and services capped at 5% (4% on food) before 2019, and 7% combined rate (5.5% on food) thereafter

Exempts numerous categories from the new sales tax including professional services, utilities, pharmaceuticals, medical services, educational tuition, agricultural sales, manufacturing inputs, real property transactions, and government/charitable organization purchases

Creates mandatory property tax relief credits for homeowners age 65+ with income under $75,000 and home values under $400,000, covering 50% of property tax increases exceeding 5% in reassessment years or 2.5% in other years

Caps cumulative state and local sales tax rates at 10% after January 1, 2019, with exceptions requiring supermajority voter approval to exceed the cap