HCS HB 795 -- SMALL BUSINESS RECOVERY

SPONSOR:  Ervin (Dethrow)

COMMITTEE ACTION:  Voted "do pass" by the Committee on Small
Business by a vote of 5 to 4.

This substitute establishes the Small Business Get Off My Back
Act which provides for the recovery of small businesses.  For
three years, the substitute increases the annual gross volume
sales limit for an exemption for the minimum wages from $500,000
to $1 million, prohibits any new state regulations or user fee
increases except federal mandates, and allows a small business to
retain 3% instead of 2% for the timely payment allowance when
remitting sales tax to the Department of Revenue.

The substitute contains an emergency clause and becomes effective
July 1, 2009, or upon its passage and approval, whichever is
later.

FISCAL NOTE:  Estimated Cost on General Revenue Fund of Unknown-
over $100,000 in FY 2010, FY 2011, and FY 2012.  Estimated Cost
on Other State Funds of Unknown in FY 2010, FY 2011, and FY 2012.

PROPONENTS:  Supporters say that the bill will encourage small
business during tough economic times by increasing the timely
sales tax remittance, increasing the gross wage for exemption for
the minimum wage, and setting a moratorium on user fees and
regulations for three years.

Testifying for the bill were Representative Dethrow; National
Federation of Independent Business; Missouri Chamber of Commerce
and Industry; Missouri Restaurant Association; Missouri Retailers
Association; and Missouri Grocers' Association.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:25 am