Missouri Voters Will Decide on State Tax Fund Measure
Amendment 7 proposes a public endowment to eventually replace state taxes using long-term investment earnings.
Updated on Sept. 28, 2026 in Financial Planning
Live Poll
Should your state create an endowment fund to replace taxes instead of funding current public services?
In fall 2026, Missouri voters will consider Amendment 7, a ballot measure that would create the Show Me State Prosperity Fund to replace state-imposed taxes. The proposal aims to fund state government operations through investment earnings rather than tax revenue.
Why it matters
The fund is designed to eliminate state taxes over time by utilizing a permanent endowment structure. However, there is no immediate impact on household tax obligations should the measure pass.
Replacing all state tax revenue would require $600 billion, while a $250 million initial investment would take 125 years to reach that goal through compounding. Annual appropriations from the fund are capped at 3% of the average market value over the preceding five fiscal years.
The players
General Assembly
The legislative body that retains the authority to reinstate taxes if the proposed fund fails or becomes insolvent.
Missouri Budget Project
An organization that provided estimates regarding the financial requirements and projected timelines for the proposed fund.
The details
The proposed Show Me State Prosperity Fund would function as a permanent public endowment to support government operations. Under the plan, the General Assembly could not divert the funds, and annual spending would be limited to 3% of the five-year average market value. If the fund becomes insolvent or fails to replace revenue, the legislature maintains the authority to reinstate state taxes.
Timeline
Missouri voters will decide on Amendment 7 in the fall of 2026.
Money Landscape
The Show Me State Prosperity Fund is a unique proposal that aims to shift state government financing from traditional taxation to endowment-based growth. This measure proposes a structural change to state financing that departs from the traditional tax-and-spend model used by state governments.
There is no immediate change to your state tax liability or household budget if this measure passes in 2026. Because the plan requires decades of growth to potentially replace tax revenue, readers should focus on current tax obligations and consult a tax professional for planning.
The takeaway
The primary insight is that the proposed fund is a long-term fiscal project rather than an immediate tax-relief mechanism. Residents should monitor the 2026 election results to understand potential shifts in how the state funds its operations over the coming century.
Further reading
For more information on managing your household finances and long-term state policy impacts, visit Financial Planning.
Live Poll
Should your state create an endowment fund to replace taxes instead of funding current public services?
