Loading chat...
MO HB2034
Bill
Status
2/26/2014
Primary Sponsor
Mike Leara
Click for details
AI Summary
-
Amends Missouri law to change how county sales taxes collected under sections 66.600 to 66.630 are distributed
-
Beginning January 1, 2015, 10% of county sales tax funds shall be distributed to cities, towns, villages, and unincorporated areas based on the location where sales were consummated, with the remaining 90% distributed under existing law
-
Each subsequent year, an additional 10% of county sales tax funds shall be distributed based on sales location, phasing in the new distribution method over 10 years
-
Upon completion of the phase-in period, 100% of county sales tax revenue will be distributed to municipalities and unincorporated areas based on where sales were deemed consummated under state law
Legislative Description
Phases out the current distribution method of the St. Louis County sales tax over 10 years until all the tax revenue is distributed based upon the location in which the sales were deemed consummated
Last Action
Public Hearing Completed (H)
4/15/2014