FOR IMMEDIATE RELEASE
Tuesday, January 07, 2014
Contact: Laura Swinford, (573) 522-2592
Initiative Petition Relating to Income and Sales Taxes Approved for Circulation for 2014 Ballot
Jefferson City, Mo. — Secretary of State Jason Kander today announced that an initiative petition relating to income and sales taxes met state standards for circulation.
The official ballot title for the initiative petition, 2014-078, reads:
Shall the Missouri Constitution be amended to:
- create a new state income tax structure for taxable income above or below $30,000 for married individuals filing joint returns (and heads of households), and taxable income above or below $15,000 for other individuals;
- increase the sales tax and/or tax base to make up for any loss of state revenue if a decrease in income tax decreases state revenue (if enacted by the legislature); and
- eliminate state and local income or earnings taxes (other than those created by cities before January 1, 2013) and prohibit any new income or earnings taxes?
State government entities estimate this proposal reduces state revenue by several billion dollars during the first two affected fiscal years. The legislature is required to increase state sales tax revenue to replace a calculated decrease in net individual income tax revenue resulting from this proposal and recalculate and renew changes yearly.
The petition, which would amend Article X of the Missouri Constitution, was submitted by Aaron Willard, 1034 S. Brentwood Blvd., Suite 1700, St. Louis, MO 63117.
Before any constitutional changes can be brought before Missouri voters in the November 2014 election, signatures must be obtained from registered voters equal to eight (8) percent of the total votes cast in the 2012 governor's election from six of the state's eight congressional districts.
Signatures on behalf of all initiative petitions for the 2014 ballot are due to the secretary of state’s office by no later than 5 p.m. on May 4, 2014.
Before circulating petitions, state law requires that groups must first have the form of their petition approved by the secretary of state and attorney general. The secretary of state then prepares a summary statement of no more than 100 words and the state auditor prepares a fiscal impact statement, both of which are subject to the approval of the attorney general. When both statements are approved, they become the official ballot title.
Visit www.sos.mo.gov to learn more about the Office of the Missouri Secretary of State.
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