Constitutional Amendment 5: Phase-Out of Individual Income Tax and Sales Tax Expansion
Source: enr.sos.mo.gov
What does this measure do?
Supports: Personal Income Tax Reduction
Missouri lawmakers would have to phase out the individual income tax when state revenue grows. They could tax more goods and services or raise sales-tax rates if the same law offsets that revenue with income-tax cuts. Local governments would later cut certain local taxes, but not in a way that reduces public-school funding. Future tax effects are unknown.
Read the official ballot measure (PDF)
A YES vote means
The Constitution would require an income-tax phaseout and allow broader sales taxes tied to income- and local-tax cuts.
A NO vote means
The Constitution would keep its current tax rules. Lawmakers would not receive this new authority or income-tax phaseout requirement.
Source: documents.house.mo.gov
Source: sos.mo.gov