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MO HB585
Bill
Status
1/20/2015
Primary Sponsor
Bart Korman
Click for details
AI Summary
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Creates a 7-day sales tax holiday (July 1-7, or July 2-8 if July 1 falls on Sunday) for "Made in USA" products from 2016 through 2017
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Exemption applies only to the first $15,000 of each purchase and excludes motor vehicles and dispensed fuel
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"Made in USA" products must meet Federal Trade Commission standards for such claims and not already be exempt from state sales tax
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Political subdivisions may opt in to apply the holiday to local sales taxes by notifying the Department of Revenue at least 45 days before the holiday begins
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Retailers not participating in the holiday may offer consumers sales tax refund forms or on-site refunds as an alternative
Legislative Description
Authorizes a sales tax exemption for products that are made in the USA during the sales tax holiday in July with specified exceptions
Last Action
Public Hearing Completed (H)
3/3/2015