MO HJR169

Proposes constitutional amendment called the "Taxpayer Protection Act" to be voted on in November 2026, taking effect January 1, 2027

Requires voter approval for any new tax, tax rate increase, mill levy increase above prior year, extension of expiring taxes, or creation of multi-year government debt

Caps annual state spending growth at inflation plus population change; caps local district spending and property tax revenue growth at inflation plus local growth (construction value changes or student enrollment)

Mandates emergency reserves of 1% of fiscal year spending in 2028, 2% in 2029, and 3% thereafter; requires excess revenue above limits be refunded to taxpayers in the following fiscal year

Prohibits new state real property taxes, local income taxes, and increased transfer tax rates on real property; allows local districts to reduce or eliminate state-delegated programs except for K-12 education or federally required programs