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MO HB2154
Bill
Status
2/15/2010
Primary Sponsor
Joe Smith
Click for details
AI Summary
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Repeals and replaces section 144.080 of Missouri law regarding sales tax payment and collection requirements.
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Allows sellers to advertise that they will assume or absorb sales tax if the tax amount is separately stated on invoices or receipts.
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Requires sellers with aggregate tax liability exceeding $250 in the first or second month of a quarter to file returns and pay by the 20th day of the succeeding month.
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Permits sellers with aggregate quarterly tax liability under $45 to file annual returns due by January 31st of the following year.
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Makes failure to separately state assumed or absorbed tax on invoices or receipts unlawful and punishable as a misdemeanor, with exemption for retailers prohibited from collecting sales tax under section 66.630.
Legislative Description
Allows sellers to advertise that the required sales tax will be assumed or absorbed into the price of the property sold or the services rendered if the amount of the tax is separately stated
Last Action
Referred: Tax Reform (H)
5/14/2010