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MO HB885
Bill
Status
3/17/2011
Primary Sponsor
Andrew Koenig
Click for details
AI Summary
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Repeals and replaces section 144.080 of Missouri Revised Statutes 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 the invoice or receipt
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Requires sellers to file quarterly sales tax returns by the last day of the month following each three-month calendar period, with monthly filings required if monthly tax liability exceeds $250
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Permits annual filing for sellers with less than $45 in quarterly tax liability, with returns due by January 31st
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Makes failure to separately state assumed or absorbed tax on invoices or receipts unlawful and a misdemeanor; exempts retailers prohibited from collecting tax under section 66.630
Legislative Description
Allows a seller 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
HCS Reported Do Pass (H)
4/21/2011