Bill

Bill > HB1707


MO HB1707

MO HB1707
Excludes certain processing fees from the definition of gross receipts for sales tax purposes


summary

Introduced
01/07/2026
In Committee
05/07/2026
Crossed Over
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)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...