February 9, 2010

Determining the Statewide Sales Tax Rate Under SJR 29 and HJR 56


Senate Joint Resolution 29 and House Joint Resolution 56 are currently being debated in the Missouri Legislature. The proposals would place a constitutional amendment on the ballot to dramatically change the state’s revenue structure by eliminating the individual income and corporate income/franchise taxes and replacing them with a greatly expanded sales tax. The new statewide sales tax would both increase the current sales tax rate and expand the current base of the state sales tax to include all purchases and services, including food, prescription drugs, medical care, child care and other basic living expenses that are not currently taxed.

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