|
|
|
Missouri voters on Tuesday overwhelmingly passed a measure to block the possibility of future taxes on real estate sales.
With 97.2 percent of the vote in early this morning, the Missouri secretary of state’s office showed 1,552,896 yes votes (84 percent) to 294,823 no votes (16 percent). The yes side won or was leading in all 114 counties plus the city of St. Louis.
Amendment 3 alters the state Constitution “to prevent the state, counties, and other political subdivisions from imposing any new tax, including a sales tax, on the sale or transfer of homes or any other real estate.”
The amendment, backed by the real estate industry, made it to the ballot by a statewide petition. Backers of the amendment say 37 states have such a tax, which, on top of regular property taxes, they argue amounts to double taxation.
“And we want to make sure Missouri properties remain affordable,” Elizebeth Mendenhall, president of the Missouri Association of Realtors, said before the election.
Missouri voters on Tuesday overwhelmingly passed a measure to block the possibility of future taxes on real estate sales.
With 97.2 percent of the vote in early this morning, the Missouri secretary of state’s office showed 1,552,896 yes votes (84 percent) to 294,823 no votes (16 percent). The yes side won or was leading in all 114 counties plus the city of St. Louis.
Amendment 3 alters the state Constitution “to prevent the state, counties, and other political subdivisions from imposing any new tax, including a sales tax, on the sale or transfer of homes or any other real estate.”
The amendment, backed by the real estate industry, made it to the ballot by a statewide petition. Backers of the amendment say 37 states have such a tax, which, on top of regular property taxes, they argue amounts to double taxation.
“And we want to make sure Missouri properties remain affordable,” Elizebeth Mendenhall, president of the Missouri Association of Realtors, said before the election.
