|SB 0192||Excludes from sales tax food sold constituting over 80% of gross receipts|
|LR Number:||S1010.01P||Fiscal Note:||1010-01|
|Committee:||Ways and Means|
|Last Action:||04/21/99 - Reported Do Pass w/HCA 1 H Ways & Means Committee||Journal page:||H1477-1478|
|Effective Date:||August 28, 1999|
SB 192 - This act excludes from the definition of food, for purposes of the reduced sales tax rate, food or drink where the gross receipts of selling that food constitutes more than eighty percent of the total gross receipts of that establishment. Food sold in establishments in which the gross receipts from food is under eighty percent, and food sold in vending machines, would be subject to the lower sales tax rate.
The act is similar to SCS/HB 548 (1999) and SB 888 (1998).
HCA 1 - ALLOWS INCOME TAX CREDITS OF OTHER STATES WHICH ARE BASED ON THE FEDERAL CHARITABLE CONTRIBUTION DEDUCTION TO BE TREATED AS INCOME TAXES PAID IN THOSE STATES FOR PURPOSES OF DETERMINING A MISSOURI TAXPAYER'S INCOME TAX LIABILITY.