MO HB517

Reduces the timeline for income tax refunds to accrue interest from 120 days to 45 days from the date the return is filed for individual income taxes under sections 143.011 and 143.041

Requires the director of revenue to deposit collected funds with the state treasurer within two business days (defining "promptly" for section 136.110)

Allows taxpayers to claim a dependent exemption for a stillborn child in the taxable year the stillbirth occurred, if a certificate of birth resulting in stillbirth has been issued under section 193.165

Exempts automatic mandatory gratuities for large groups from sales tax when reported as employee tip income and income tax is withheld on such gratuity

Exempts new or used aircraft sold to non-residents from sales tax if the aircraft will not be based in Missouri and does not remain in the state more than 10 business days after title transfer

Reduces the sales tax holiday exemption for personal computers from $3,500 to $1,500, while adding graphing calculators up to $150 to the exemption