MO HB2040

Exempts purchases of tangible personal property or taxable services from sales tax when purchased for resale and the subsequent sale is taxed in Missouri or another state, is for resale, is excluded from tax, or is exempt under another state's sales tax laws.

Requires operators of amusement, entertainment, or recreation venues to charge sales tax on admissions and seating accommodations, with any subsequent resale of such admissions or seating by the purchaser excluded from tax (except when purchaser is a tax-exempt entity).

Requires operators of hotels, motels, taverns, inns, restaurants, and similar establishments to charge sales tax on rooms, meals, and drinks furnished, with any subsequent resale by a purchaser excluded from tax (except when purchaser is a tax-exempt entity).

Includes an emergency clause making the act effective immediately upon passage and approval to prevent improper imposition of sales and use taxes on exempted items.