Missouri Public Campaign Financing, Proposition B (2000)
Revision as of 12:34, 20 April 2012 by BaileyL
|Proposition B (Campaign Public Financing)|
Official results via: 2001-2002 Official Manual State of Missouri ("Blue Book")
Text of measure
The language that appeared on the ballot:
- 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.