Missouri Public Campaign Financing, Proposition B (2000)

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The Missouri Public Campaign Financing Act, also known as Proposition B, was on the November 7, 2000 ballot in Missouri as an initiated state statute, where it was defeated. The measure would have established a campaign finance system that allowed candidates for the legislature and statewide offices who comply with requirements regarding campaign contributions and finances to obtain certification from the Missouri Ethics Commission to receive public campaign financing.[1][2]

Election results

Missouri Proposition B (2000)
ResultVotesPercentage
Defeatedd No1,366,55964.60%
Yes 748,949 35.40%

Election results via: University of Missouri Institute for Public Policy

Text of measure

The question on the ballot appeared as:[2]

Shall Missouri statutes be enacted establishing a campaign finance system where candidates for election to the Missouri legislature and statewide office who comply with various requirements regarding campaign contributions and finances, including limitations on campaign spending, contributions and use of personal funds, may apply and obtain certification from the Missouri Ethics Commission to receive public campaign financing, where the funds allocated to participating candidates are provided by increasing by one-hundredth of one percent the annual franchise tax levied on corporations whose outstanding shares and surplus exceed two million dollars, with such campaign finance system to include penalties for violations?

The costs of this proposal will be funded through an increase in the corporate franchise tax rate for corporations whose outstanding shares and surplus exceed $2,000,000. This tax increase will generate approximately $13,000,000 per year. [3]

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