How Missouri's Amendment 4 in November impacts your wallet

By  | 

SPRINGFIELD, Mo. (KSPR) - A monumental election is right around the corner, and Missourians will be voting on an issue that affects their wallets.

Missouri’s Amendment Four would prevent state and city governments from putting new taxes on services you use regularly.

“We feel that we’re already taxed enough, and it would impact us in a way that we would have pass those extra monies along our clients,” said Sandi Zwingle, Area Manager of Waco Title in Springfield. “We provide title insurance for people buying and selling their homes."

She says if Amendment four does not pass, that’s one of many services that’s at risk of being taxed in the future.

“It would tax a daycare, it would tax a manicure, a pedicure, tax a massage, dance lessons, physician’s services, attorney services, financial consulting services. The list is quite lengthy,” she said.

On Monday, Missouri Realtors held a rally to spread the word about Amendment Four. Miles Noennig is the President of the Missouri Realtors. He says people need to read about the Amendment before they go to the polls. A ‘yes’ vote on this amendment would actually prevent the creation of new taxes on services.

“They need to decide for themselves, but we think that voting ‘YES’ on Amendment four is the appropriate thing for all taxpayers in Missouri,” he said.

He says taxation of services isn’t an issue in Missouri now, but other states have imposed taxes on services, and Missouri could follow suit.

Here’s what you will read on the ballot:
Shall the Missouri Constitution be amended to prohibit a new state or local sales/use or other similar tax on any service or transaction that was not subject to a sales/use or similar tax as of January 1, 2015?
Potential costs to state and local governmental entities are unknown, but could be significant. The proposal’s passage would impact governmental entity’s ability to revise their tax structures. State and local governments expect no savings from this proposal.
Fair Ballot Language:
A “yes” vote will amend the Missouri Constitution to prohibit a new state or local sales/use or other similar tax on any service or transaction. This amendment only applies to any service or transaction that was not subject to a sales/use or similar tax as of January 1, 2015.
A “no” vote will not amend the Missouri Constitution to prohibit such state or local sales/use or other similar tax.
If passed, this measure will not increase or decrease taxes.

According to the Secretary of State, “Potential costs to state and local governmental entities are unknown, but could be significant. The proposal’s passage would impact governmental entity’s ability to revise their tax structures. State and local governments expect no savings from this proposal.”

However, a spokesperson for the City of Springfield says the city doesn’t have an official position on the matter. There also isn’t a formal group that’s encouraging people to vote ‘NO’ on Amendment Four.