HB 1507 -- TAXATION (Bray)

This bill allows the Director of Revenue to decrease the filing
and payment of tax frequency of certain taxpayers.  Tax types
included are income withholding taxes, declarations of tax on
individual income, declarations of tax on corporate income, and
tax remittances by business of sales and use tax.

FISCAL NOTE:  Savings to General Revenue Fund is Unknown in FY
1999, FY 2000, and FY 2001.

HB 1507 -- TAXATION

SPONSOR:  Bray

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee
on Ways and Means by a vote of 13 to 0.

This bill allows the Director of Revenue to decrease the filing
and payment of tax frequency of certain taxpayers.  Tax types
included are income withholding taxes, declarations of tax on
individual income, declarations of tax on corporate income, and
tax remittances by business of sales and use tax.

FISCAL NOTE:  Savings to General Revenue Fund is Unknown in FY
1999, FY 2000, and FY 2001.

PROPONENTS:  Supporters say that this bill will allow the
Director of Revenue to reduce the filing frequency of certain
taxpayers and decrease costs of the Department and of the
taxpayer.

Testifying for the bill were Representative Bray; the Department
of Revenue; and the Taxpayer's Research Institute of Missouri.

OPPONENTS:  There was no opposition voiced to the committee.

Bill Tucker, Assistant Director of Research

HB 1507 -- Taxation

Sponsor:  Bray

This bill allows the Director of Revenue to decrease the filing
and payment of tax frequency of certain taxpayers.  Tax types
included are income withholding taxes, declarations of tax on
individual income, declarations of tax on corporate income, and
tax remittances by business of sales and use tax.