Establishes the "Fair Tax Act of 2025" which replaces the state individual and corporate income tax and the estate tax with a fair tax based on all new retail sales and services
Establishes the "Fair Tax Act of 2025" which replaces the state individual and corporate income tax and the estate tax with a fair tax based on all new retail sales and services
Proposes a constitutional amendment replacing individual and corporate income tax, and sales and use tax with a sales tax on retail sales of new tangible property and taxable services
Establishes the "Missouri Business Tax Adjustment Act", adjusting the income tax rates applied to the Missouri taxable income of certain business entities based on annual net revenue, upon voter approval