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MO SJR74
Joint Resolution
AI Summary
- Proposes a constitutional amendment to be voted on in November 2026 allowing counties to impose a local income tax if the state reduces its income tax rate below 4.5%
- Caps the combined county and state income tax rate at 4.5%, meaning counties can only tax up to the difference between the state rate and 4.5%
- Requires county voter approval at a general election before any county income tax can take effect
- Creates the "County Income Tax Trust Fund" administered by the Director of Revenue, with 1% retained by the state for collection costs and the remainder distributed monthly to the taxing county
- Defines "county" to include any county or city not within a county (i.e., St. Louis City)
Legislative Description
Modifies provisions relating to income taxes
Last Action
Second Read and Referred S Economic and Workforce Development Committee
1/27/2026
Committee Referrals
Economic and Workforce Development1/27/2026
Full Bill Text
No bill text available