On the Missouri House of Representatives website, it has been reported that the House gave final approval to a proposed constitutional amendment that would replace the state income tax with a tax based on consumption.
According to the report, the Amendment (HJR 36) earned 90 votes in the House and it is headed to the Senate. The Amendment would replace the income tax with a higher sales tax (raising the rate from approximately 4% to a rate greater than 5%).
Since the Amendment "amends" the Missouri Constitution, the Amendment would be required to be voted on during a statewide election. Whether this Amendment will reach that stage, remains to be seen.
Click on the following link to access the Missouri House of Representatives website:
http://www.house.mo.gov/news.aspx?id=253
