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Missouri State Income Tax Credit Amendment (2014)

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A Missouri State Income Tax Credit Amendment did not appear on a 2014 election ballot in the state of Missouri as an initiated constitutional amendment. This measure would have created an income tax credit based on amount donated to not-for-profit schools. The credit would have been available to both individuals and corporations.[1]

Text of measure

Ballot summary

The official ballot title would have read as follows:[2]

Shall the Missouri Constitution be amended to create an individual and corporate state income tax credit of 60% of the amount donated to Missouri not-for-profit elementary and secondary schools or school districts and Missouri not-for-profit foundations providing scholarships for Missouri secondary school graduates to attend Missouri not-for-profit higher education colleges and universities (this credit cannot exceed the donor’s state income tax liability for the year)? [3]

Fiscal impact

See also: Fiscal impact statement

According the Missouri secretary of state's fiscal note:[2]

  • Annual state government revenue may have decreased by an estimated $236 million to $938 million. Annual state operating costs may have increased by at least $200,000. Reduced state revenue could have resulted in decreased state funding for local governments and public education entities. Public education entities could have had an unknown increase in donation revenue.

Path to the ballot

See also: Amending the Missouri Constitution

The supporting group had until May 4, 2014, to turn in the required amount of valid signatures. Missouri law states that signatures must be obtained from registered voters equal to eight percent of the total votes cast in the 2012 governor's election from six of the state's eight congressional districts, meaning supporters must submit at least 157,788 valid signatures by the May deadline.[4]

See also

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