Bill > SB958

This bill modifies Missouri state law regarding sales tax receipts by establishing clear requirements for sellers who generate sales invoices and receipts. Specifically, the bill defines "sales invoice" and "sales receipt" as documents (in paper or electronic format) that list items sold and their prices. For sellers who annually sell over $500,000 worth of goods, the bill mandates that sales receipts and invoices must clearly state the total rate of all sales taxes imposed on the transaction, including both state and local sales taxes. Additionally, the bill introduces a new requirement that all sellers must now clearly indicate on their sales invoices or receipts the total cost of any tariffs imposed on the goods being sold. This legislation aims to increase transparency for consumers by ensuring that all applicable taxes and tariffs are explicitly disclosed at the point of sale, helping buyers understand the full cost of their purchases.

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=96