HCS HB 64 -- SALES TAX HOLIDAY (Sutherland)

COMMITTEE OF ORIGIN:  Ways and Means

This substitute extends the current state and local sales and use
tax holiday for certain clothing, personal computers, and school
supplies purchased for personal use during a three-day period
each August.  The substitute does not apply to retailers when
less than 2% of their sales are for qualifying merchandise during
the holiday.  For the 2005 sales tax holiday, the ability for
local governments to opt out of the holiday is limited to those
that opted out in 2004.  After the 2005 sales tax holiday, any
political subdivision may adopt an ordinance or order to opt out
of the holiday.

The substitute contains an emergency clause.

FISCAL NOTE:  Estimated Effect on General Revenue Fund of an
Income of $0 to a Cost of Unknown in FY 2006, FY 2007, and FY
2008.  Estimated Effect on Other State Funds of an Income of $0
to a Cost of Unknown in FY 2006, FY 2007, and FY 2008.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:18 pm