Bill
Bill > HB1707
MO HB1707
MO HB1707Excludes certain processing fees from the definition of gross receipts for sales tax purposes
summary
Introduced
01/07/2026
01/07/2026
In Committee
05/07/2026
05/07/2026
Crossed Over
03/09/2026
03/09/2026
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Excludes certain processing fees from the definition of gross receipts for sales tax purposes
AI Summary
This bill amends Missouri sales tax law by excluding certain processing fees from the definition of "gross receipts," which is the total amount of sales price subject to tax. Specifically, it clarifies that charges incident to the extension of credit, such as credit card and debit card processing fees, will no longer be included in gross receipts. This change aims to reduce the tax burden on businesses by not taxing these transaction-related costs.
Committee Categories
Budget and Finance, Business and Industry, Government Affairs, Labor and Employment
Sponsors (4)
Last Action
Placed on Informal Calendar (on 05/07/2026)
Official Document
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