MO SJR11

Proposes a constitutional amendment to eliminate Missouri's individual income tax in phases: capping the rate at 3% starting January 1, 2018, and fully repealing it by January 1, 2020

Replaces income tax revenue with a new broad-based sales and use tax on goods and services, capped at 5% (4% on food) before 2020, then combined state/local rates capped at 7% (5.5% on food) after 2020

Exempts numerous categories from the new sales tax including professional services, utilities, real property transactions, medical services, education, agricultural goods, manufacturing inputs, and financial instruments

Creates a property tax relief credit for homeowners age 65+ with income under $75,000 and home value under $400,000, covering 50% of property tax increases above 5% in reassessment years or 2.5% in other years

Caps cumulative local sales tax rates at 10%, with exceptions requiring supermajority voter approval; requires the state to reimburse local governments for 75% of property tax credits claimed