MO HB1707

Credit card and debit card processing fees are excluded from Missouri sales tax by adding them to the definition of "charges incident to the extension of credit"

Amends Section 144.010, RSMo, which contains definitions for the state's Sales Tax Law (sections 144.010 to 144.525)

Processing fees must be considered part of charges related to credit extension, which are already specifically exempted from gross receipts calculations

Applies to the calculation of sales tax owed by businesses on retail transactions throughout Missouri