CMF White Papers: Impact of the Everything Tax on Missouri Businesses
Two ballot proposals on file with the Missouri Secretary of State seek to amend the Missouri constitution to eliminate the state income tax and replace it with an expanded, increased sales tax of up to 10%. These two initiative petitions, also known as Versions 12 and 13, require the legislature to “enact a law…imposing and levying a tax on all sales and services, except those sales and services exempted” under the proposals.
Because the proponents of the new tax have not signaled which of the two petitions is the one that will be put to a vote and because there are a number of unresolved questions in both petitions, this new tax would result in uncertainty and unfairness for millions of households and thousands of businesses.
Download the CMF White Papers here:
Impact of the Proposed Sales Tax on Service Industries
Impact of the Proposed Sales Tax on Advertising
Impact of the Proposed Sales Tax on Health Care
Impact of the Proposed Sales Tax on Financial Services
Impact of the Proposed Sales Tax on Motor Vehicle Industry
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Paid for by Coalition for Missouri's Future Campaign Committee. Brian Welch, Treasurer.