HB 333 Summary

• Creates "Internet Sales Tax Fund" to collect revenue from revised definition of "seller" that includes remote sellers meeting thresholds of $300,000+ in gross receipts or 100+ sales to Missouri customers in preceding four quarters.

• Requires remote sellers with $10,000+ in cumulative gross receipts from Missouri customers referred by resident representatives (including through internet links) to collect and remit sales tax.

• Directs Internet Sales Tax Fund revenue to pay Second Injury Fund compensation and benefits; remaining funds revert to general revenue once all Second Injury Fund obligations are satisfied.

• Eliminates all claims against Second Injury Fund for injuries or deaths occurring after December 31, 2013; requires claims for pre-January 1, 2014 injuries to be filed by January 1, 2015.

• Requires State Auditor to prepare actuarial reports every four years beginning January 31, 2015, projecting Second Injury Fund solvency using Internet Sales Tax Fund and surcharge revenues.