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Missouri SJR 73 Proposes Homestead Property Tax Exemption and 0.1% Sales Tax

Original title: Establishes the Missouri Homestead Act

Last action · February 18, 2026: Voted Do Pass S Economic and Workforce Development CommitteeSponsor: Mike Moon

Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Would Do

This constitutional amendment establishes the Missouri Act, allowing eligible homeowners to exempt their primary residences from real property taxes starting in 2027 while instituting a new 0.1% state sales tax to reimburse local tax jurisdictions.

Why it matters

Homeowners who pay off their mortgages and prepay five years of property taxes can permanently eliminate future property tax bills, while all shoppers statewide will pay an increased sales tax rate.

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.

Directly affected

Missouri homeowners

Homeowners who meet eligibility criteria can exempt their homesteads from real property taxes indefinitely after paying five years of taxes upfront.

Directly affected

Missouri consumers

All shoppers statewide will pay an additional 0.1% state sales tax.

Directly affected

Local taxing jurisdictions

Local jurisdictions will lose property tax revenue from exempt homesteads and receive reimbursements from the state sales tax fund.

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 are the requirements to qualify for the homestead property tax exemption?
The must not be encumbered by a , the taxpayer must not be delinquent on any state or local taxes, and the taxpayer must prospectively pay five years' worth of property taxes.
How is the revenue loss for local taxing jurisdictions covered?
The amendment imposes a state sales tax at a rate of 0.1%, with revenues deposited into the Preservation Fund to reimburse for revenue lost from the exemptions.

What else do you want to know?

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Where This Stands

Currently in committee. The next step in the legislative lifecycle is Floor Vote.

Procedural history

5 actions
  1. Feb 18, 2026SenateCommittee
    Voted Do Pass S Economic and Workforce Development Committee
  2. Feb 11, 2026Senate
    Hearing Conducted S Economic and Workforce Development Committee
  3. Jan 27, 2026SenateFloor
    Second Read and Referred S Economic and Workforce Development Committee
  4. Jan 7, 2026SenateIntroduced
    S First Read
  5. Dec 1, 2025Senate
    Prefiled

Version history

Only one version on file - nothing to compare yet. The text on record is the 5339S.03I - Introduced version. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying 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

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift95% confidence

Property Tax Replacement via Sales Tax

The measure introduces a novel funding mechanism by swapping local property tax obligations for a statewide sales tax increase.

Connected Entities

Missouri Homestead Act, Homestead Preservation Fund, Mike Moon
otherMissouri Homestead Act“Act established by the constitutional amendment”Map →
OrganizationHomestead Preservation Fund“Fund established to reimburse taxing jurisdictions for lost revenue”Map →
PersonMike Moon“Senator representing District 29”Map →

Sources

Open source document

www.senate.mo.gov

Analysis Score

0–100
  • Significance80
    How much this matters to a regular citizen
  • Controversy75
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz60
    Current news / social attention level

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