Bill > HB778

This bill modifies provisions relating to the motor fuel tax refund. Starting on October 1, 2023, it allows nonprofit entities that are tax-exempt under Section 501(c)(3) of the Internal Revenue Code to claim refunds on behalf of eligible individuals, persons, or entities who have paid the motor fuel tax. It also allows taxpayers to deduct the amount of any refund claimed by a nonprofit entity from their Missouri adjusted gross income to determine their Missouri taxable income, as long as the amount is not already deducted on their federal tax return. The bill also changes the timing and reporting requirements for the motor fuel tax exemption and refund, moving from a fiscal year basis to a tax year basis starting in fiscal year 2024.

Government Affairs, Transportation and Infrastructure

https://www.house.mo.gov/Bill.aspx?bill=HB778&year=2023&code=R