Looks like we get to vote on replacing MO income tax with a state sales tax this November. Wow. I'm thrilled. I'll be more thrilled when it passes.
03/11/2008 - SPECIAL COMMITTEE ON TAX REFORM Voted Do Pass HB2112
Establishes the Fair Tax Act of 2008 which requires the Department of
Revenue to develop methods for replacing the state income tax with a
state sales tax
8. The passage and approval of the prohibition on the taxation of income and the
levy and imposition of a tax upon all use or consumption of taxable property or services
under this section shall not become effective unless such passage and approval is submitted
to the qualified voters of this state for approval or rejection at the election which shall be
held and conducted on the Tuesday immediately following the first Monday in
, (and that is !) under the laws and constitutional provisions of this state applicable to general
elections and the submission of referendum measures by initiative petition, and it shall
become effective when approved by a majority of the votes cast thereon at such election
and not otherwise.