Bill
Bill > SB145
summary
Introduced
01/08/2025
01/08/2025
In Committee
05/08/2025
05/08/2025
Crossed Over
02/20/2025
02/20/2025
Passed
07/14/2025
07/14/2025
Dead
Signed/Enacted/Adopted
07/14/2025
07/14/2025
Introduced Session
Potential new amendment
2025 Regular Session
Bill Summary
Modifies provisions relating to the taxation of certain businesses
AI Summary
This bill modifies taxation provisions for municipal corporations and charter cities in Missouri, specifically focusing on business license taxes. The legislation prohibits municipal corporations from imposing license taxes on businesses unless they are specifically named in the city's charter or authorized by statute. A key new provision prevents municipalities from imposing license taxes on enterprises owned by individuals who are 18 years old or younger, essentially creating a tax exemption for young business owners. For constitutional charter cities with populations over 350,000, the bill maintains existing authority to license and tax various businesses using different methods such as gross receipts, profits, flat fees, or graduated scales. However, these cities are now also restricted from licensing or taxing businesses owned by individuals under 18. The bill repeals existing sections of Missouri Revised Statutes (RSMo) 71.610 and 92.045 and replaces them with these updated provisions, which aim to provide more consistent and age-inclusive business taxation rules across municipal jurisdictions.
Committee Categories
Business and Industry, Government Affairs, Labor and Employment
Sponsors (2)
Last Action
Signed by Governor (on 07/14/2025)
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