MO HB2176

Creates a "Federal Tax Fund" in the state treasury to collect federal excise, income, and consumer taxes owed by Missouri residents and businesses, with the state treasurer serving as custodian and the director of revenue managing collections.

Requires all persons liable for federal excise, income, or consumer taxes to remit payments to the Missouri director of revenue for deposit into the Federal Tax Fund, which will be disbursed quarterly to the appropriate federal recipient.

Authorizes the General Assembly by simple majority vote to determine how moneys transferred from the Federal Tax Fund to the general fund, including accrued interest, shall be used for the benefit of Missouri residents.

Allows the state treasurer to withhold quarterly federal tax disbursements if the federal government denies matching funds, imposes financial sanctions, or the General Assembly determines by concurrent resolution that a federal mandate is unconstitutional.

Declares that state officers and employees must implement this section regardless of federal sanctions or court action, and the state shall seek recovery of reasonable costs if the federal government takes action against any person for compliance with this act; includes emergency clause for immediate effect.