Bill > HB1463

This bill modifies existing Missouri state law regarding municipal business licensing and taxation, primarily focusing on two key provisions. First, it maintains the existing rule that municipal corporations can only impose license taxes on businesses that are specifically named in their charter or authorized by statute. Second, and most significantly, the bill introduces a new provision that prohibits municipal corporations and constitutional charter cities from imposing license taxes on any business enterprise owned by a person who is 18 years old or younger. This means that young entrepreneurs and business owners would be exempt from local business license taxes, potentially to encourage youth entrepreneurship and reduce barriers for young people starting businesses. The bill amends sections 71.610 and 92.045 of the Revised Statutes of Missouri (RSMo) to implement these changes, ensuring that no municipal corporation can levy a license tax on businesses owned by individuals under the age of 19, regardless of the type of business or local regulations.

https://house.mo.gov/Bill.aspx?bill=HB1463&year=2025&code=R