Section 9 Exclusion of Bond Proceeds and Related Taxes
| Library | Tax Law 2009 |
General obligation bonds of the State of Missouri and taxes imposed to pay them are also excluded from the definition of total state revenues. Hancock clearly provides that the revenue limitation “shall not apply to taxes imposed for the payment of principal and interest on bonds, approved by the voters and authorized under the provisions of this constitution.” Mo. Const. art. X, §...
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