JEFFERSON CITY, Mo. (AP) - The Missouri Legislature’s tumultuous final week prevented action on some omnibus tax legislation. Several smaller measures received final approval or were sent to the governor, though, before action in the Senate ground to a halt after a vote on a contentious right-to-work bill. Here’s a look at some of the provisions that passed and legislative researchers’ estimate of their annual cost to the state’s general revenue fund.
NOTIFICATION
Requires the Department of Revenue to notify sellers of goods or services that become subject to sales tax because of a change in policy by the department, an administrative hearing or court ruling. If sellers are not notified, they would not be liable to collect those taxes unless they’ve collected them in the past. SB 18. Cost: Less than $445,547.
CORPORATE ALLOCATION
Allows service and technology companies to use a different method of income tax calculation that supporters say avoids double taxation. Signed by Nixon. SB 19. Cost: $15 million.
LAUNDRY
Exempts equipment and supplies purchased by large commercial laundries, which provide fabric to hospitals and others, from sales tax. SB 20. Cost: $1.5 million.
DATA STORAGE
Authorizes sales tax exemptions for data storage centers that invest minimum amounts and create jobs with higher than average county wages. Signed by Nixon. SB 149. Cost: $0 to more than $750,000.
BOAT FUEL
Exempts fuel for watercraft from state gas tax and local sales tax. SB 231. Cost: $11,012.
TIP TAXES
Specifies that employers are only responsible for withholding income tax from cash tips that an employee reports. SB 336 and HB 517. Exempts mandatory gratuities for large parties from sales tax. HB 517. Cost: $0.
MANUFACTURED HOMES
Exempts used manufactured homes from state and local sales taxes. HB 111. Cost: $0.
TAX CODE STUDY
Sets up an independent office to advocate for taxpayers and creates a commission to evaluate the state’s tax code. HB 384. Cost: $733,349.
OVERPAYMENT REFUND
Provides that the Department of Revenue shall notify a taxpayer of an overpayment and allow the opportunity for a refund if the department audits the taxpayer after the statute of limitations expires. HB 517. Cost: unknown.
AIRCRAFT
Exempts sales of aircraft to a non-resident of the state from state and local sales tax. HB 517. Cost: more than $100,000.
PRICES
Allows sellers to advertise prices with the sales tax included. HB 517. Cost: $0.
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