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MO SJR95
Joint Resolution
Status
1/7/2026
Primary Sponsor
Adam Schnelting
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AI Summary
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Establishes the "Show-Me Prosperity Fund" as a permanent state endowment in the Missouri Constitution, funded by legislative appropriations, gifts, donations, and grants
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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
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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
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Fund principal cannot be appropriated, pledged, or borrowed against; State Auditor must audit compliance at least once every three fiscal years
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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