Proposes a constitutional amendment relating to taxation

HJR 22 proposes a constitutional amendment to revise Missouri's property tax exemptions. It would repeal current exemptions for certain property types and replace them with new rules, including exemptions for manufacturers' inventories, religious/charitable property, and veterans' homesteads. To compensate for lost tax revenue, counties would impose a new tax on specific commercial properties (subclass 3 of class 1), with rates calculated to replace revenue lost from exemptions and adjusted annually based on property values. The amendment requires voter approval in Missouri's 2026 election.