Bill > HB1707

This bill modifies the definition of "gross receipts" in Missouri's sales tax law to explicitly exclude credit card and debit card processing fees. Specifically, the bill amends Section 144.010 of the Revised Statutes of Missouri (RSMo) by adding language that clarifies that charges related to processing credit and debit card transactions are considered "charges incident to the extension of credit" and therefore should not be included when calculating gross receipts for sales tax purposes. This means that when businesses calculate the total amount of sales subject to sales tax, they can subtract the fees charged by credit card companies for processing transactions. The change is intended to provide clarity and potentially reduce the tax burden on businesses by ensuring that these transaction fees are not taxed as part of the sale price. The bill is part of the broader Sales Tax Law and applies to sales tax calculations across various types of businesses and transactions in Missouri.

Business and Industry, Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB1707&year=2026&code=R