Missouri measure filed to bar tax on home sales - KAIT Jonesboro, AR - Region 8 News, weather, sports

Missouri measure filed to bar tax on home sales

JEFFERSON CITY, MO (AP) - Missouri real estate agents have submitted a proposed ballot measure barring transfer taxes to be levied on home sales.

The proposed constitutional amendment was submitted less than an hour before the state's Sunday deadline. Supporters did not have an estimate of how many signatures they had collected but said it was enough to qualify for the ballot. That would take around 147,000 to 160,000 signatures.

The petition is sponsored by the Missouri Association of Realtors. Supporters say they want to prevent a real estate transfer tax that is levied in 37 other states. Critics call it a "double tax" because people already pay property taxes.

Two other initiative petitions also have been filed. Election officials have until Aug. 3 to determine whether petitions qualify for the ballot.

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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