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MO HB440

Bill

Official Source

Status

Engrossed

3/19/2015

Primary Sponsor

Andrew Koenig

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Sellers may now advertise or state to customers that they will assume or absorb sales tax, reversing the previous prohibition on such practices
  • When a seller absorbs sales tax, the amount absorbed must be stated on any invoice or receipt for the property sold or service rendered
  • Retailers prohibited from collecting and remitting sales tax under section 66.630 are exempt from these advertising and disclosure requirements
  • Violations of the sales tax advertising provisions remain a misdemeanor offense
  • Amends section 144.080, RSMo, while retaining existing filing requirements (quarterly returns due by month's end, monthly filing if tax exceeds $250, annual filing if under $45/quarter)

Legislative Description

Changes the laws regarding taxes based on sales

Last Action

Placed on Informal Calendar

5/5/2015

Committee Referrals

Select Committee on Financial Institutions and Taxation2/18/2015
Ways And Means2/4/2015

Full Bill Text

No bill text available