Missouri SJR 34: Modifies provisions relating to limits on state revenue

Bill Text

EXPLANATION-Matter enclosed in bold-faced brackets [thus] in this bill is not enacted
and is intended to be omitted in the law.
FIRST REGULAR SESSION
SENATE JOINT RESOLUTION NO. 34
102ND GENERAL ASSEMBLY
INTRODUCED BY SENATOR SCHROER.
1517S.01I KRISTINA MARTIN, Secretary
JOINT RESOLUTION
Submitting to the qualified voters of Missouri, an amendment repealing sections 17, 18, and 18(e)
of article X of the Constitution of Missouri, and adopting three new sections in lieu
thereof relating to limits on state revenues.

Be it resolved by the Senate, the House of Representatives concurring therein:
That at the next general election to be held in the 1
state of Missouri, on Tuesday next following the first Monday 2
in November, 2024, or at a special election to be called by 3
the governor for that purpose, there is hereby submitted to 4
the qualified voters of this state, for adoption or 5
rejection, the following amendment to article X of the 6
Constitution of the state of Missouri:7
Section A. Sections 17, 18, and 18(e), article X, 1
Constitution of Missouri, are repealed and three new sections 2
adopted in lieu thereof, to be known as sections 17, 18, and 3
18(e), to read as follows:4
Section 17. As used in sections 16 through 24 of 1
Article X: 2
(1) "Total state revenues" includes all general and 3
special revenues, license and fees, excluding federal funds, 4
as defined in the budget message of the governor for fiscal 5
year [1980-1981] 2022-2023. Total state revenues shall 6
exclude the amount of any tax credits [based on actual tax 7
liabilities or the imputed tax components of rental 8

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payments, but shall include the amount of any credits not 9
related to actual tax liabilities]. 10
(2) "Personal income of Missouri" is the total income 11
received by persons in Missouri from all sources, as defined 12
and officially reported by the United States Department of 13
Commerce or its successor agency. 14
(3) "General price level" means the Consumer Price 15
Index for All Urban Consumers for the United States, or its 16
successor publications, as defined and officially reported 17
by the United States Department of Labor, or its successor 18
agency. 19
Section 18. (a) There is hereby established a limit 1
on the total amount of taxes which may be imposed by the 2
general assembly in any fiscal year on the taxpayers of this 3
state. Effective with fiscal year [1981-1982] 2023-2024, 4
and for each fiscal year thereafter, the general assembly 5
shall not impose taxes of any kind which, together with all 6
other revenues of the state, federal funds excluded, exceed 7
the revenue limit established in this section. The revenue 8
limit shall be calculated for each fiscal year and shall be 9
equal to the product of the ratio of total state revenues in 10
fiscal year [1980-1981] 2022-2023 divided by the personal 11
income of Missouri in calendar year [1979] 2021 multiplied 12
by the personal income of Missouri in either the calendar 13
year prior to the calendar year in which appropriations for 14
the fiscal year for which the calculation is being made, or 15
the average of personal income of Missouri in the previous 16
three calendar years, whichever is greater. 17
(b) For any fiscal year in the event that total state 18
revenues exceed the revenue limit established in this 19
section by one percent or more, the excess revenues shall be 20
refunded pro rata based on the liability reported on the 21

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Missouri state income tax (or its successor tax or taxes) 22
annual returns filed following the close of such fiscal 23
year. If the excess is less than one percent, this excess 24
shall be transferred to the general revenue fund. 25
(c) The revenue limitation established in this section 26
shall not apply to taxes imposed for the payment of 27
principal and interest on bonds, approved by the voters and 28
authorized under the provisions of this constitution. 29
(d) If responsibility for funding a program or 30
programs is transferred from one level of government to 31
another, as a consequence of constitutional amendment, the 32
state revenue and spending limits may be adjusted to 33
accommodate such change, provided that the total revenue 34
authorized for collection by both state and local 35
governments does not exceed that amount which would have 36
been authorized without such change. 37
Section 18(e). 1. In addition to the revenue limit 1
imposed by section 18 of this article, the general assembly 2
in any fiscal year shall [not increase] implement no new 3
taxes [or], fees, or tax changes without voter approval that 4
[in total produce new annual] increase net total state 5
revenues [greater] by more than either fifty million dollars 6
adjusted annually by the percentage change in the personal 7
income of Missouri for the second previous fiscal year, or 8
one percent of total state revenues for the second fiscal 9
year prior to the general assembly's action, whichever is 10
less. In the event that a