HCS HB 1765 -- SALES/USE TAX:  STREAMLINED SALES TAX (Bray)

This substitute creates the Simplified Sales and Use Tax
Administration Act.

The substitute allows the State of Missouri to enter into the
Streamlined Sales and Use Tax Agreement with one or more states
to simplify the sales and use tax laws and bring the laws into
general conformity among the agreeing states.  The substitute
also allows the state to continue negotiations with other states
to determine the best approach for obtaining conformity.

The Department of Revenue may adopt administrative rules and
procure goods and services in furtherance of the cooperative
agreement.

The substitute also provides for the development of certified
service providers for the purpose of collecting and remitting
sales and use taxes on behalf of sales and use taxpayers.

The substitute contains an emergency clause.

FISCAL NOTE:  Estimated Net Income to Various State Funds is $0
to Unknown in FY 2003, FY 2004, and FY 2005.

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