- Associated Press - Tuesday, April 5, 2016

JEFFERSON CITY, Mo. (AP) - The Missouri Supreme Court has granted a tax refund to one major corporation while rejecting another.

In a unanimous ruling Tuesday, the court said that Office Depot is entitled to an $84,000 refund. It says the company should not have been charged Missouri “use tax” for catalogs that were printed elsewhere and mailed to Missouri customers.

In another case, the court denied a refund on computer equipment and software sold by IBM Corp. to MasterCard International. The court said the processing of credit card transactions does not qualify for sales and use tax exemption granted for materials used in “manufacturing a product.”

The case stemmed from a challenge to more than $200,000 in use taxes paid on items bought by MasterCard during a span of 29 days in 2008.


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide