HCS HB 1202 -- SALES/USE TAX:  REFUND OF TAX (Smith)

This substitute requires that any request for a refund of sales
taxes by a person who collects and remits the tax will only be
granted if the person demonstrates to the satisfaction of the
Director of the Department of Revenue that the amount will be
refunded or credited to the person who originally paid the sales
tax.  The restriction will not apply if the person seeking the
refund shows to the director's satisfaction that he or she
originally paid the tax and that it was not collected from the
purchasers or if the amount of refund or credit request does not
exceed $1,000 in the aggregate over any five-year period.

The substitute also allows a retailer to submit a plan to the
Department of Revenue to provide a process for refund that
generally distributes any refund that cannot be returned to the
original purchaser through a fixed value coupon to future
customers.

All additional revenues generated from the substitute will be
deposited in the State School Moneys Trust Fund.

FISCAL NOTE:  Estimated Net Effect on General Revenue Fund of $0
in FY 2003, FY 2004, and FY 2005.  Total Estimated Net Effect on
School District Trust Fund of $0 in FY 2003, FY 2004, and FY
2005.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:00 am