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SCS/SB 905 - This act brings Missouri sales and use tax laws into compliance with the streamlined sales and use tax agreement. Compliance involves modifying many sections throughout Missouri law, based upon meeting the following criteria: (1) When a political subdivision changes the rate of tax such change must take effect on the first day of the second calendar quarter after the Director of Revenue receives notice of such change; (2) When a city annexes property, the change to the tax rate will take place on the first day of the second calendar quarter after the Director of Revenue receives notice of the boundary change; (3) The same provisions as in (2) shall apply to rate changes; (4) If a political subdivision repeals an existing tax, such repeal will become effective on the last day of the last calendar year quarter; (5) All sales taxes must be administered at the state level if they are not already; (6) All state and local sales taxes must have the same base. This means that exemptions at the state and local level must be identical; (7) Certain definitions, including a definitions for "delivery charges", "food" "lease or rental", "purchase price", "sales price", "tangible personal property" and other modified definitions, must be adopted from the streamlined sales and use tax agreement; (8) The Department of Revenue can require electronic filing and payment of the sales and use tax; (9) Registration for out of state sellers is simplified and no bond is required; (10) No caps or thresholds may exist on the collection of sales or use taxes; and (11) Out of state sellers must be offered uniform, simplified, electronic filing. The act is similar to Senate Bill 19 (2009), Senate Bill 1020 (2008), Senate Bill 576 (2007), Senate Bill 1173 (2006), and Senate Bill 399 (2005). JASON ZAMKUS
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