HB 424 -- Sales and Use Tax:  Tax Holiday

Co-Sponsors:  Sutherland, Avery, Portwood, Bivins, Jetton, Dixon,
Hanaway

This bill creates a state and local sales and use tax holiday for
certain clothing, personal computers, and school supplies
purchased during two three-day periods each August.  The state
will reimburse any losses incurred by political subdivisions
during the sales tax holiday in August 2003.  Beginning January
1, 2004, any political subdivision may opt out of the holiday by
adoption of a local ordinance.  The tax holiday will expire July
1, 2005.

The bill also creates the Sales Tax Holiday Joint Legislative
Committee consisting of four members from both the House of
Representatives and the Senate.  The committee will be
responsible to review the effects of the sales tax holiday and to
issue a report on its findings and recommendations to the General
Assembly prior to January 8, 2005.

The bill contains an emergency clause.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:11 am