HCS HB 795 -- SMALL BUSINESS RECOVERY (Dethrow)

COMMITTEE OF ORIGIN:  Committee on Small Business

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.

Subject to appropriations, the substitute authorizes the Small
Business Regulatory Fairness Board to hire 1.5 full-time
equivalent employees to perform certain clerical and professional
tasks and to receive additional funding for certain board-related
costs.

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 $182,125 in FY 2010, Unknown - over $184,243 in FY 2011, and
Unknown - over $186,770 in FY 2012.  Estimated Cost on Other
State Funds of Unknown in FY 2010, FY 2011, and FY 2012.

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