Missouri Capital Gains Tax Initiative (2016)
| Missouri Capital Gains Tax Initiative | |
|---|---|
 | |
| Type | Statute |
| Origin | Citizens |
| Topic | Taxes |
| Status | Not on the ballot |
| Not on Ballot |
|---|
 |
| This measure was not put on an election ballot |
The Capital Gains Tax Initiative did not make the November 8, 2016 ballot in Missouri as an initiated state statute. The measure, upon voter approval, would have imposed a 10 percent capital gains tax on Missouri residents to create public sector, green energy jobs.[1] There are multiple versions of this initiative.
Measure 2016-092
Ballot title
The ballot title was as follows:[1]
| “ | Shall Missouri law be amended to impose a 10 percent capital gains tax on Missouri residents to create a state program that provides public sector jobs related to energy efficiency, wind and solar energy, and related jobs?
State governmental entities estimate annual revenue increases of $351 million to $617 million to fund the proposed program. State governmental entities estimate startup costs of $360,000 and annual operating costs of $169,000. The fiscal impact to local governments is unknown.[2] |
” |
Full text
The full text of the measure can be found here.
Measure 2016-220
Ballot title
The ballot title was as follows:[1]
| “ | Shall Missouri law be amended to impose a 10 percent capital gains tax on Missouri residents to create a state program that provides public sector jobs related to energy efficiency, wind and solar energy, and related jobs?
State governmental entities estimate annual revenue increases of $228.4 million to $617.5 million to fund the proposed program. State governmental entities estimate startup costs of approximately $465,000 and annual operating costs of approximately $180,000. Local governmental entities indicate no fiscal impact.[2] |
” |
Full text
The full text of the measure can be found here.
Path to the ballot
The supporting group needed to turn in at least 157,788 valid signatures. Missouri law states that signatures must be obtained from registered voters equal to 8 percent of the total votes cast in the most recent governor's election from 6 of the state's 8 congressional districts.
See also
- 2016 ballot measures
- Missouri 2016 ballot measures
- Laws governing the initiative process in Missouri
External links
Footnotes
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State of Missouri Jefferson City (capital) |
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