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MO HB2710

Bill

Official Source

Status

Introduced

3/10/2016

Primary Sponsor

Delus Johnson

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Sales tax on discount coupons applies at the time of coupon purchase, based on the amount paid for the coupon rather than its face value
  • When a pre-taxed discount coupon is redeemed, sales tax on the subsequent purchase applies only to the amount due after the coupon discount is applied
  • Prevents double taxation on transactions involving discount coupons by clarifying when and on what amount tax is collected
  • Adds new section 144.520 to Missouri Revised Statutes Chapter 144, overriding existing sales tax provisions in sections 144.021 and 144.083

Legislative Description

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

Last Action

Referred: Ways and Means(H)

5/13/2016

Committee Referrals

Ways And Means5/13/2016

Full Bill Text

No bill text available