HB 1727 -- Sales/Use Tax:  Tax Holiday

Co-Sponsors:  O'Toole, Froelker

This bill creates a state and local sales and use tax holiday for
certain clothing and school supplies purchased during a four-day
period each August.  The state will reimburse any losses incurred
by political subdivisions during the sales tax holiday in August
2002.  Beginning January 1, 2003, any political subdivision may
opt out of the holiday by adoption of a local ordinance.  The tax
holiday will expire July 1, 2004.

The bill also creates the Sales Tax Holiday Joint Legislative
Committee consisting of four members each from the House and
Senate.  The committee will be responsible for study and review
of the effects of the sales tax holiday and must issue a report
on its findings and recommendations to the General Assembly prior
to January 8, 2004.

The bill contains an emergency clause.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:02 am