Missouri Senate

Senate Amendment

WITHHOLDINGS TAX ON TIPS (Section 143.191)

This act specifies that for employees that earn tips, the amount of income that the employer should withhold for tax purposes shall be based on the greater of the total tips reported to the employer on the employee's written statement or the amount of tips remitted to the employee by the employer. Shared tips will be attributed to the employee who actually receives the tips. The amount that should be withheld is limited to the amount of the employee's wages in control of the employer.

This provision is similar to SB 336 (2015).

STATUTE OF LIMITATIONS ON TAX CREDITS AND REFUNDS (Section 143.801)

This act allows a taxpayer to claim a credit or refund for overpayment of income taxes after the statute of limitations for making a claim has expired if the taxpayer amends or the IRS changes the taxpayer's return after such period of time has expired. The taxpayer must make a claim for a credit or refund within one year of the amendment or change.

This provision is identical to SS/SCS/SB 115 (2015) and a provision in the perfected version of HB 811 (2015). This provision is similar HB 268 (2015), HB 1048 (2014), and a provision in HB 1174 (2014).

SALES TAX ON MANDATORY GRATUITY (Section 144.020)

This act exempts mandatory gratuity imposed by a restaurant from sales tax.

SCHOOL SUPPLIES SALES TAX HOLIDAY (144.049)

This act adds graphing calculator costing no more than $150 to the types of school supplies eligible for the sales tax holiday. The act also reduces the amount that a computer can cost and still qualify for the sales tax holiday from $3,500 to $1,500.

The provision is similar to HB 410 (2015) and HB 1165 (2014). This provision is similar to a provision in HCS/SS/SCS/SB 115 (2015), SCS/HCS/HB 1296 (2014), HCS/SB 584 (2014), and CCS/HCS/SS/SB 860 (2014).

ADVERTISING ASSUMPTION OF SALES TAX (144.080)

Currently, sellers are prohibited from advertising or holding out to customers that sales tax will be assumed or absorbed by the seller. This act removes this prohibition, provided that the seller states the amount of tax assumed or absorbed on the invoice or receipt for the sale.

This provision is identical to HB 440 (2015). This provision is similar to a provision in HB 1178 (2015), HB 1296 (2014), HB 1477 (2014), CCS/HCS/SB 584 (2014), HCS/SB 607 (2014), CCS/HCS/SB 662 (2014), and CCS/HCS/SS/SB 860 (2014).

MIKE HAMMANN

SA #1 - MODIFIES THE BALLOT LANGUAGE FOR THE SPRINGFIELD PUBLIC SAFETY SALES TAX

SA #2 - REQUIRES INCOME TAX REFUNDS BE PAID WITHIN 45 DAYS OF FILING RETURN AND REQUIRES PAYMENTS TO THE DEPARTMENT OF REVENUE BE DEPOSITED WITHIN 2 DAYS

SA #3 - CREATES A SALES TAX EXEMPTION FOR AIRCRAFT SOLD TO NONRESIDENTS

SA #4 - EXPANDS THE DEPENDENCY EXEMPTION FOR INCOME TAXES TO STILLBIRTHS

SA #5 - ALLOWS COUNTIES IN WHICH TOWNSHIPS HAVE BEEN ABOLISHED TO CONTINUE TO COLLECT A PROPERTY TAX FOR ROAD AND BRIDGE PURPOSES FOR A SPECIFIED PERIOD OF TIME