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MO HB832

Bill

Official Source

Status

Introduced

3/11/2013

Primary Sponsor

Bart Korman

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Establishes an annual seven-day sales tax holiday from July 1-7 (or July 2-8 if July 1 is a Sunday) for "Made in USA" products, effective for 2014-2015
  • Defines "Made in USA" products as new items meeting Federal Trade Commission standards that are not already exempt from state sales taxes
  • Limits the exemption to the first $15,000 of each purchase of a "Made in USA" product
  • Allows political subdivisions to apply the holiday to local sales taxes by notifying the Department of Revenue at least 45 days in advance
  • Excludes motor vehicles from the sales tax exemption under this section

Legislative Description

Proposes a sales tax holiday week for products that are made in the USA

Last Action

Public Hearing Completed (H)

4/23/2013

Committee Referrals

Ways And Means3/28/2013

Full Bill Text

No bill text available