HB 1025 -- Sales/Use Tax:  Sales Tax Holiday

Sponsor:  Kreider

This bill creates a state and local sales and use tax holiday
for certain clothing and school supplies purchased during a
4-day period each August.  The state will reimburse any losses
by political subdivisions incurred during the sales tax holiday
in August 2001.  Beginning January 1, 2002, any political
subdivision may opt out of the holiday by adoption of a local
ordinance.  This portion of the bill will expire July 1, 2004.

The bill also requires that any request for a refund of sales
taxes by a person who collects and remits the tax will only be
granted if the person demonstrates to the satisfaction of the
Director of the Department of Revenue that the amount will be
refunded or credited to the person who originally paid the sales
tax.  The restriction will not apply if the person seeking the
refund shows to the director's satisfaction that he or she
originally paid the tax and that it was not collected from the
purchasers.

The bill contains an emergency clause.

Missouri House of Representatives
Last Updated November 26, 2001 at 11:47 am