Bill

Bill > HB2085


MO HB2085

MO HB2085
Establishes a one-time one year period to set up payment plans for unpaid vehicle sales tax


summary

Introduced
01/03/2024
In Committee
05/17/2024
Crossed Over
Passed
Dead
05/17/2024

Introduced Session

2024 Regular Session

Bill Summary

Establishes a one-time one year period to set up payment plans for unpaid vehicle sales tax

AI Summary

This bill establishes a one-time, one-year period from October 1, 2024, to September 30, 2025, during which the Department of Revenue may accept applications from qualified purchasers to set up payment plans to pay unpaid vehicle sales tax. Qualified purchasers are individuals who have obtained a temporary vehicle permit, failed to pay the required sales tax, and failed to properly register the vehicle. The Department is encouraged to work with qualified purchasers to establish equitable payment plans. Once a payment plan is established, the Department may issue temporary permits to the purchaser until the plan is completed or the purchaser is no longer eligible. After the one-year period, any purchaser who fails to pay sales tax within 30 days of the temporary permit expiration will be subject to a 1% fine on the total vehicle purchase price.

Committee Categories

Justice

Sponsors (1)

Last Action

Referred: General Laws(H) (on 05/17/2024)

Taxonomy

Government Operations
  • ‐ Tax Administration and Collection of Revenue
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

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