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Read. Follow. Verify.Missouri submits constitutional amendment to voters to create the Show-Me Prosperity Fund and eliminate state taxes using investment earnings
Last action · May 28, 2026: Reported Duly Enrolled Rules, Joint Rules, Resolutions & Ethics CommitteeSponsor: Adam Schnelting
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What This Bill Would Do
A proposed constitutional amendment will appear before Missouri voters at the November 2026 general election or a special election to establish the Show-Me Prosperity Fund, a designed to eliminate individual income, state sales and use, and corporate income taxes once investment earnings are sufficient. The State Treasurer will invest the fund in S&P 500 , and annual appropriations from the fund are capped at three percent of its average market value over the preceding five fiscal years.
The measure establishes a new constitutional public investment fund that, if successful, permanently replaces state tax revenues with stock market earnings and permanently prohibits the reenactment of those eliminated taxes unless the fund experiences insolvency.
- State joint resolutions in Missouri that propose constitutional amendments must be approved by voters at a general or special election to take effect. context
- SJR 95 was introduced during the 2026 Second Regular Session of the 103rd General Assembly by Senator Adam Schnelting. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Missouri residents
Missouri residents are subject to potential elimination of individual income and state sales and use taxes, and may receive dividend payments from net investment earnings once taxes are eliminated.
State Treasurer
The State Treasurer is tasked with investing the fund's assets and providing notification to the General Assembly when net investment earnings are sufficient to replace state taxes.
State Auditor
The State Auditor is required to audit the fund for compliance at least once every three fiscal years.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What is the purpose of the Show-Me Prosperity Fund?
How will the fund be invested?
Which specific taxes are slated for elimination using fund earnings?
What is the maximum amount that can be spent from the fund in any single fiscal year?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently passed both. The next step in the legislative lifecycle is Law.
Procedural history
32 actions- May 28, 2026SenateReported Duly Enrolled Rules, Joint Rules, Resolutions & Ethics Committee
- May 28, 2026SenateSigned by Senate President Pro Tem
- May 28, 2026HouseSigned by House Speaker
- May 28, 2026SenateDelivered to Secretary of State
- May 15, 2026HouseFloorH Third Read and Passed
- May 15, 2026SenateFloorTruly Agreed To and Finally Passed
Show 26 earlier actions
- May 13, 2026HouseCommitteeReported Do Pass H Fiscal Review
- May 11, 2026HouseCommitteeVoted Do Pass H Fiscal Review
- Apr 30, 2026HouseCommitteeReferred H Fiscal Review Committee
- Apr 29, 2026HouseCommitteeVoted Do Pass H Rules - Legislative
- Apr 29, 2026HouseCommitteeReported Do Pass H Rules - Legislative
- Apr 20, 2026HouseCommitteeReferred H Rules - Legislative
- Apr 9, 2026HouseCommitteeVoted Do Pass H Special Committee on Tax Reform
- Apr 9, 2026HouseCommitteeReported Do Pass H Special Committee on Tax Reform
- Apr 2, 2026HouseHearing Conducted H Special Committee on Tax Reform
- Mar 26, 2026HouseCommitteeReferred H Special Committee on Tax Reform
- Mar 24, 2026HouseFloorH Second Read
- Mar 23, 2026SenateHearing Conducted S Fiscal Oversight Committee
- Mar 23, 2026SenateCommitteeVoted Do Pass S Fiscal Oversight Committee
- Mar 23, 2026SenateReported from S Fiscal Oversight Committee
- Mar 23, 2026SenateFloorS Third Read and Passed
- Mar 23, 2026HouseIntroducedH First Read
- Mar 12, 2026SenateCommitteeReferred S Fiscal Oversight Committee
- Mar 11, 2026SenateSS for SCS S offered & adopted (Schnelting)--(4511S.20F)
- Mar 11, 2026SenatePerfected
- Mar 11, 2026SenateReported Truly Perfected S Rules, Joint Rules, Resolutions and Ethics Committee
- Feb 19, 2026SenateReported from S Economic and Workforce Development Committee w/SCS
- Feb 11, 2026SenateCommitteeSCS Voted Do Pass S Economic and Workforce Development Committee (4511S.16C)
- Feb 4, 2026SenateHearing Conducted S Economic and Workforce Development Committee
- Jan 27, 2026SenateFloorSecond Read and Referred S Economic and Workforce Development Committee
- Jan 7, 2026SenateIntroducedS First Read
- Dec 1, 2025SenatePrefiled
Version history & redline
5 versions on fileLobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Creation of State Sovereign Wealth Fund
The measure introduces a constitutional mechanism to transition state revenue collection from traditional taxation to investment returns from public endowments.
Connected Entities
Sources
www.senate.mo.gov
Analysis Score
0–100- Significance95How much this matters to a regular citizen
- Controversy85Intensity of disagreement among stakeholders
- Entertainment20Compellingness for a non-policy-wonk reader
- Buzz75Current news / social attention level
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