SB 743 - This act modifies provisions relating to taxation.LOCAL SALES TAXES
In addition to any local sales tax imposed or authorized to be imposed as of January 1, 2023, this act authorizes any taxing jurisdiction to impose one or more sales taxes for purposes to be designated by the taxing jurisdiction, provided that the total combined rate of local sales taxes imposed and retained by a taxing entity that is an incorporated city, town, or village shall not exceed 4.5%; the total combined rate of local sales taxes imposed and retained by a county shall not exceed 4.5%; the total combined rate of local sales taxes imposed and retained by the City of St. Louis shall not exceed 9.0%; and for all other taxing jurisdictions, the total combined rate of sales taxes in any given taxing jurisdiction shall not exceed 3.0%.
In any election in which more than one sales tax levy is approved by the voters, and the passage of such levies results in a combined rate of sales tax in excess of the limits provided under the act, only the sales tax levy receiving the most votes shall become effective.
No taxing jurisdiction with a combined rate of sales tax in excess of the rates provided in the act as of August 28, 2022, shall be required to reduce or repeal any such sales tax rate. (Section 32.087)
This provision is identical to SB 759 (2022) and to a provision in SS/SCS/SB 649 (2022), and is substantially similar to SS/SB 123 (2021).
PUBLIC SAFETY SALES TAXES
This act adds the cities of Clinton, Lincoln, and Rolla to the list of cities authorized to levy a sales tax upon voter approval for the purposes of improving public safety. (Sections 94.900 and 94.902)
These provisions are substantially similar to SB 1060 (2022), SB 160 (2021), and SB 873 (2020), and to provisions contained in HCS/SS#2/SCS/SB 523 (2020), HCS/SS/SCS/SB 570 (2020), HCS/SS/SCS/SB 594 (2020), HCS/SS#2/SB 704 (2020), HCS/SCS/SB 725 (2020), HCS/SB 774 (2020), SCS/HB 1700 (2020), HCS/HB 1701 (2020), and SS#2/SCS/HCS/HB 1854 (2020).
PROPERTY TAXES
Current law requires that personal property be assessed at 33.3% of its true value in money. This act requires the county assessor of St. Charles County to annually reduce such percentage such that the amount by which the revenue generated by taxes levied on such personal property is reduced is substantially equal to one hundred percent of the growth in revenue generated by real property assessment growth, as defined in the act. Annual reductions shall be made until December 31, 2073. Thereafter, the percentage of true value in money at which personal property is assessed shall be equal to the percentage in effect on January 1, 2073. (Section 137.115)
This provision is substantially similar to HB 2519 (2022) and HB 2594 (2022), and to a provision contained in SS/SCS/SB 649 (2022), SS#2/SB 24 (2021), and CCS/SS/HCS/HB 66 (2021).
HOTEL UTILITY SALES TAXES
This act provides that, for the purposes of levying sales tax, the definition of "sale at retail" shall not include the purchase by persons operating hotels, motels, or other transient accommodation establishments of electricity, electrical current, water, and gas, whether natural or artificial, which are used to heat, cool, or provide water or power to the guests' accommodations of such establishments, including sleeping rooms, meeting and banquet rooms, and any other customer space rented by guests, and which are included in the charge made for such accommodations. Any person required to remit sales tax on such purchases prior to August 28, 2022, shall be entitled to a refund on such taxes remitted. (Section 144.010 and 144.011)
This provision is identical to SB 945 (2022) and to a provision in HCS/SS#2/SCS/SB 745 (2022), SS/SCS/SB 756 (2022), SCS/HCS/HB 1734 (2022), HCS/HB 2382 (2022), and SS/HB 2400 (2022).
WORLD CUP TICKETS SALES TAX EXEMPTION
Beginning June 1, 2026, and ending July 31, 2026, this act authorizes a sales tax exemption for the sale of tickets to matches of the 2026 FIFA World Cup soccer tournament held in Jackson County. (Section 144.051)
This provision is identical to SB 652 (2022) and HB 2544 (2022), and to a provision in CCS/SS/SCS/HCS/HB 1606 (2022).
MEDICAL DEVICE SALES TAX EXEMPTION
This act provides a sales tax exemption for sales of class III medical devices that use electric fields for the purposes of treatment of cancer, including components and repair parts and disposable or single patient use supplies required for the use of such supplies. (Section 144.813)
This provision is identical to SB 943 (2022), HB 1864 (2022), and SB 483 (2021), and to a provision in SS#2/SCS/SB 649 (2022), CCS/HCS/SB 226 (2021).
GROUND AMBULANCE FEDERAL REIMBURSEMENT TAX
Currently, each ambulance service's Ground Ambulance Reimbursement Allowance is based the service's gross receipts. This act repeals the use of gross receipts and requires the Department to establish a formula in rule consistent with federal regulation relating to permissible health care related taxes for the determination of each service's reimbursement allowance. (Section 190.800)
This provision is identical to a provision in SS/SCS/SB 725 and is similar to provisions of SS#2/SB 1 (2021).
JOSH NORBERG