The Secretary of State’s Office has approved two new initiative petitions for circulation.
The first petition would amend the Missouri Constitution pertaining to corporate tax credits, limiting the authority of the General Assembly to issue new corporate tax credits or deductions in a fiscal year to no more than the amount currently allowed for tax or fee increases without voter approval under the Missouri Constitution. It would also require voter approval for any new corporate tax credits or deductions that exceed that amount.
The second petition would revise current laws pertaining to casino and gambling loss limits, repealing the current individual maximum loss limit while restricting the number of casinos to those already built or being built.
Approximately 86,000 to 95,000 valid signatures will be needed to place the casino initiative on the ballot. Between 140,000 and 150,000 signatures will be necessary for the tax credit initiative because that is a constitutional amendment. Those signatures must be submitted to the Secretary of State’s Office by May 4 th .