Replace All Federal Taxes on Income with the Fair Tax Act , HR 25
MISSOURI HOUSE APPROVES STATE FAIR TAX CONSTITUTIONAL AMENDMENT, SENDS RESOLUTION TO STATE SENATE
In a development of potential national significance, the Missouri House of Representatives, on April 16, 2009, sent a proposed amendment to the Missouri Constitution, HJR36 (copy attached), to the state Senate that, if enacted, would bring a state-level Fair Tax to Missouri.
The sponsor of the bill, Edgar G. Emery (R-Missouri District 126, Lamar), advised me yesterday he thinks the bill has a reasonable chance of passage in the state Senate. There is no definite time table yet there - the resolution has had its first reading. However the passage of the proposal in the state House has enhanced the profile of the bill in the state Senate.
If the state Senate approves, the measure will be submitted to the voters of the State in November 2010 without need for consideration by the Governor.
If approved by the voters, the measure would take effect on January 1, 2012, and Missouri would become the first laboratory in the United States - and perhaps the world - to test the macro-economic benefits of the Fair Tax.
New Jersey FairTax State Co-Director, engineer and business owner, Norm Simms, has stated frequently that his decisions on where to site production are sensitive to tax climate. If the state FairTax passes, businesses would be expected to seriously consider locating - or relocating - to Missouri.
Credit for the success of this bill goes to the Missouri FairTax volunteeers.
The sponsor of the bill, Edgar G. Emery (R-Missouri District 126, Lamar), advised me yesterday he thinks the bill has a reasonable chance of passage in the state Senate. There is no definite time table yet there - the resolution has had its first reading. However the passage of the proposal in the state House has enhanced the profile of the bill in the state Senate.
If the state Senate approves, the measure will be submitted to the voters of the State in November 2010 without need for consideration by the Governor.
If approved by the voters, the measure would take effect on January 1, 2012, and Missouri would become the first laboratory in the United States - and perhaps the world - to test the macro-economic benefits of the Fair Tax.
New Jersey FairTax State Co-Director, engineer and business owner, Norm Simms, has stated frequently that his decisions on where to site production are sensitive to tax climate. If the state FairTax passes, businesses would be expected to seriously consider locating - or relocating - to Missouri.
Credit for the success of this bill goes to the Missouri FairTax volunteeers.
- Attachments:
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Missouri HJR36.pdf, 40 KB
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Replies to This Discussion
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Permalink Reply by Jim Tomasik on
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GIT-ER-DONE!
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Permalink Reply by Sean Fagan on
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To paraphrase a famous quote from another historic event in our history...
"That's one BIG step for Missouri and a Giant Leap for the Fair Tax"
Thank you Missouri FairTax volunteers! (thunderous applause). You now have "center stage"!
And a tip of the hat to Jim Bennett for posting the exciting news!
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Permalink Reply by Nancy L. Gatchel on -
Great news! Every step taken is one step closer. Kudos to you!
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Permalink Reply by Deborah in Ohio on
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That's awesome! Ohio should do the same thing. We need to talk to the Missouri Fair Tax organizers and find out how they got this accomplished!
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Permalink Reply by Dan Hunt on
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I just had a Fair Tax supporter on another website claim this bill will not replace the state income tax. Is this true?
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Never mind. I just found the portion of the bill that abolishes taxes on income and have responded to the person accordingly.
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When will the MO State Senate vote on this?
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Permalink Reply by Joshua on
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From what I read, this is not the real fairtax. It doesn't abolish the estate tax. But it does all the other income taxes, so it is still a good thing. Hope it passes the senate.
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Permalink Reply by Jim Bennett on
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It is correct that the Missouri proposal does not abolish the Missouri Estate Tax. But the Missouri Estate Tax is merely a pick-up tax off the federal estate tax, that is, the Missouri Estate Tax imposes a tax up to the maximum credit that the federal estate tax allows for state death taxes. Most states have this tax. Thus, the Missouri tax does not increase the tax burden to its citizens, but it brings in revenue to the state. Without it, the state would lose revenue without benefiting its citizens.
Mr. Emery wants to convince his Senate colleagues to replace the Estate Tax anyway.
~Jim
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