MO SB544

Repeals and replaces section 144.700 of Missouri Revised Statutes to redirect certain sales and use tax revenues to transportation funding.

Requires a one-cent tax rate to continue being deposited in the state general revenue fund as currently prescribed in sections 144.701 and 163.031.

Directs increasing portions of sales and use tax revenue to the state road fund created in Missouri's Constitution, beginning with one-eighth cent in 2015, one-fourth cent in 2016, three-eighths cent in 2017, and one-half cent in 2018 and thereafter.

Maintains existing procedures for tax protests, requiring protest affidavits within 30 days and allowing taxpayers to appeal or file for stay of appeal period in pending court cases.

Provides that taxes paid under protest and retained by the state treasury shall be refunded with interest income if the taxpayer prevails.