Missouri – Senate Bills Propose New Online State Sales Tax, Income Tax Cuts

JEFFERSON CITY — A proposed sales tax for out-of-state online purchases could lead to more income tax breaks for Missourians. That’s the crux of a pair of Senate bills heard simultaneously by the Missouri Senate Ways and Means Committee on Tuesday.

“This bill (Senate Bill 50) would accomplish both ends of putting our retailers and (out-of-state) internet retailers on a level playing field while at the same time reducing our income tax,” said the bill’s sponsor, Sen. Bill Eigel, R-Weldon Spring. Eigel’s bill would impose a 6.5 percent tax on online sales.

“This is something we should do to address fairness for businesses in our state,” Sen. Andrew Koenig, R-Manchester, said. The committee also heard Koenig’s bill, Senate Bill 46, which is similar to Eigel’s.

For The Full Story: https://www.columbiamissourian.com/news/state_news/senate-bills-propose-new-online-state-sales-tax-income-tax/article_a54cb266-240e-11e9-ab85-bb95e69eec92.html

by kathryn palmer
january 29, 2019


https://saltcpa.com/ https://validate.saltcert.com/# https://saltcert.com/forms/