HB 1361 -- Political Subdivision Sales Tax

Sponsor:  Komo

This bill authorizes political subdivisions, upon voter approval,
to replace the personal property tax levied for funding the
political subdivision with a revenue-neutral increase in the
local sales tax.  The Department of Revenue will deposit the
sales tax in the newly created Political Subdivision Property Tax
Replacement Sales Tax Fund less 1% of the amount collected which
is to be deposited into the General Revenue Fund for the cost of
collecting the sales tax.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:10 pm