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MO SJR95

Joint Resolution

Status

Introduced

1/7/2026

Primary Sponsor

Adam Schnelting

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Establishes the "Show-Me Prosperity Fund" as a permanent state endowment in the Missouri Constitution, funded by legislative appropriations, gifts, donations, and grants

  • State Treasurer must invest the fund in S&P 500 exchange-traded funds or comparable index funds consistent with fiduciary standards for public trust funds

  • Once net investment earnings can replace all state individual income tax, sales and use tax, and corporate income tax revenue, those taxes would be eliminated; annual withdrawals capped at 3% of the fund's five-year average market value

  • Fund principal cannot be appropriated, pledged, or borrowed against; State Auditor must audit compliance at least once every three fiscal years

  • Would appear on the November 2026 ballot (or special election) for voter approval as a constitutional amendment

Legislative Description

Establishes the "Show-Me Prosperity Fund"

Last Action

Formal Calendar S Bills for Third Reading

3/19/2026

Committee Referrals

Fiscal Oversight3/12/2026
Economic and Workforce Development1/27/2026

Full Bill Text

No bill text available