SJR 035 Property Tax Reduction to Offset Excess Revenue Collections
LR Number:S3146.03I Fiscal Note:3146-03
Committee:Ways and Means
Last Action:02/20/96 - Hearing Conducted S Ways & Means Committee
Effective Date:Indefinite
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Current Bill Summary

SJR 35 - Currently, any refund required by Article X, Section 18 of the Missouri constitution (commonly known as part of the Hancock Amendment) must be refunded pro rata to income tax taxpayers. This joint resolution, if approved by the voters, would allow, upon appropriation to the public school property tax reduction fund, a reduction of the first $2.75 in public school property taxes on a pro rata basis per property tax payor as provided by law.