HCS HB 2250 -- SHOW-ME GREEN TAX HOLIDAY ACT (Sutherland)

COMMITTEE OF ORIGIN:  Committee on Ways and Means

This substitute establishes the Show-Me Green Tax Holiday Act
which, beginning January 1, 2008, authorizes a state sales and
use tax exemption on the first $1,500 paid per new product for
energy efficient products purchased for personal use during a
seven-day period.  For 2008, the holiday will be in November; and
beginning in 2009, the holiday will be held in April each year.
Retailers with less than 2% of their sales for qualifying
merchandise during the holiday may offer a sales tax refund in
lieu of the sales tax holiday.  Any political subdivision may
adopt an ordinance or order to opt out of the holiday.  Energy
efficient products include dishwashers, refrigerators, washers,
dryers, air conditioners, furnaces, water heaters, ceiling fans,
light bulbs, dehumidifiers, and programmable thermostats that
meet or exceed the requirements of the federal Energy Star
Program.

A state sales and use tax exemption is authorized on the purchase
of any product costing $600 or less, purchased for a three-day
period beginning on June 27, 2008.  Retailers with less than 2%
of their sales for qualifying merchandise during the holiday may
offer a sales tax refund in lieu of the sales tax holiday.

The substitute contains an emergency clause regarding the sales
tax holiday for June 2008.

FISCAL NOTE:  Estimated Cost on General Revenue Fund of More than
$265,250 in FY 2009, More than $100,000 in FY 2010, and More than
$100,000 in FY 2011.  Estimated Cost on Other State Funds of More
than $400,000 in FY 2009, More than $100,000 in FY 2010, and More
than $100,000 in FY 2011.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm