Proposes a constitutional amendment exempting from taxation certain real and personal property owned by a veteran with a total service-connected disability

HJR 167 proposes a constitutional amendment to exempt from property taxes the real and personal property (up to $200,000 in value, adjusted for inflation) owned by Missouri veterans with a total service-connected disability. This exemption would take effect starting in 2027 and requires voter approval through a statewide election. The amendment also includes other tax exemptions (such as for religious organizations and business inventories), but the primary focus is on veterans. If approved, this change would reduce local property tax revenue for qualifying veterans' property, though the bill does not specify how to replace that lost revenue.