Loading chat...

MO HB1355

Bill

Official Source

Status

Introduced

3/12/2015

Primary Sponsor

Delus Johnson

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Adds new section 144.520 to Missouri law establishing sales tax treatment for discount coupons
  • Sales tax applies at the time of discount coupon purchase, calculated on the amount paid for the coupon rather than its face value
  • Tax on subsequent purchases made with a pre-taxed discount coupon applies only to the amount due after the coupon discount is applied
  • Overrides conflicting provisions in sections 144.021, 144.083, and other existing tax law chapters

Legislative Description

Modifies provisions relating to sales tax on items purchased with a coupon

Last Action

Referred: Ways and Means(H)

5/15/2015

Committee Referrals

Ways And Means5/15/2015

Full Bill Text

No bill text available