|SB 0888||Tax Exempt Articles Not To Be Deducted From Sales Price|
|LR Number:||L3360.05S||Fiscal Note:||3360-05|
|Committee:||Ways and Means|
|Last Action:||05/28/96 - In Conference|
|Effective Date:||August 28, 1996|
HS/HCS/SB 888 - The following provisions concerning taxation have been included in the HS:
Section 144.011.1(11) -- Excludes hotel/motel type of nonreusable purchases from the definition of "retail sale". Examples include soap, shampoo, tissue.
Section 144.020 -- Allows rental companies which rent or lease their inventory not to have to collect sales tax on subsequent rentals or leases to customers if the rental company pays sales tax on the initial lease or rental of the inventory.
Section 144.025.1 -- "Corn for Cars": Currently, when an item is taken in trade as a credit or part payment of the purchase price of the article being sold, sales tax is only paid on the difference between the sale price and the price of the article traded. This act would allow a reduction for the price of the article traded only if sales tax has been paid on the article being traded.
Section 144.030.2(4) -- The definition for a material recovery processing plant shall include a facility or equipment which is used exclusively for the collection of recovered materials for delivery to a material recovery processing plant. Original language was that the definition shall NOT include a facility or equipment which was used SOLELY for the collection of recovered materials for delivery to a material recovery processing plant.
Section 144.030.2(18) -- Drug samples are to be exempt from sales tax.
Section 144.030.2(29) -- Certain entry fees by participants are to be exempt from sales tax.
Section 1 -- Refunds can only be paid to retailers proving that the amount will go to the original purchaser or that the tax was absorbed by the retailer.
Section 2 -- Purchaser may apply directly to the Department of Revenue for sales tax refunds.
This act contains provisions similar to SCS/SB 752 et al and
HA 1 - DELETES SECTIONS 1 & 2 RELATING TO LEASES & REFUNDS. HA 2 - MOTOR VEHICLES SHALL NOT BE INCLUDED IN "FACILITY OR EQUIPMENT" TO BE EXEMPT FROM SALES TAX UNDER THE MATERIAL RECOVERY PROCESSING PLANT EXEMPTION. HA 3 - TECHNICAL AMENDMENT. HA 4 - TRANSFERS FROM ONE DIVISION TO ANOTHER DIVISION NEED NOT BE AGREED TO BE TREATED AS A SALE AT RETAIL. HA 5 - AUTHORIZES BONDS FOR TRANSPORTATION PURPOSES. HA 6 - REPLACEMENT PURCHASES TO BE EXEMPT IF MADE WITHIN A YEAR. HA 7 - MEMBERSHIP FEES/ANNUAL DUES TO NOT-FOR-PROFIT ATHLETIC ASSOCIATION TO BE EXEMPT FROM SALES TAX. HA 8 - EXTENSION OF LOW-INCOME HOUSING CREDITS TO YEAR 2000. HA 9 - AGRICULTURAL OIL & GREASE TO BE EXEMPT FROM SALES TAX. HA 10 - ARCHITECT/ENGINEERS NOT TO COLLECT TAX ON CERTAIN JOBS/MECHANICS LIEN. HA 11 - DEFINITION OF MOTOR VEHICLES. HA 12 - POST-HOLE DIGGERS TO BE TAX EXEMPT. HA 13 - FEED FOR LIVESTOCK OR POULTRY TO BE TAX EXEMPT. HA 15 - ALL REPLACEMENT MACHINERY AND EQUIPMENT TO BE EXEMPT. HA 16 - CIRCUIT CLERKS, EXCEPT IN ST. LOUIS CITY, TO RECEIVE $5,000 ADDITIONAL COMPENSATION FOR CHILD SUPPORT DUTIES. HA 17 - PRIVATE PENSION DEDUCTION. GOVERNOR, BY EXECUTIVE ORDER, MAY SUSPEND COLLECTION ON UP TO 3 CENTS OF SALES TAX ON FOOD PURCHASES. HA 18 - CITIES ARE AUTHORIZED TO LICENSE, TAX AND REGULATE BUSINESSES. CURRENTLY APPLIES TO CONSTITUTIONAL CHARTER CITIES WITH 350,000 OR MORE. HA 19 - MEDICAL OXYGEN TO BE TAX EXEMPT. HA 21 - REMOVES "IN THIS CHAPTER" FROM PHRASE REQUIRING PAYMENT OF SALES TAX ON ITEM BEING TRADED TO GET A DEDUCTION FROM THE PURCHASE PRICE. ALSO REQUIRES ALL APPLICABLE TAXES TO BE PAID, NOT JUST SALES TAXES. HA 22 - PUBLIC COMMUNITY COLLEGE DISTRICTS MAY USE INCOME TAX REFUND SETOFF FOR ANY OUTSTANDING DEBTS. HA 23 - SYRINGES USED FOR MEDICAL PURPOSES TO BE TAX EXEMPT. HA 24 - REMOVES "OF AT LEAST FOUR INTEGRATED FACILITIES" FROM THE DEFINITION OF COMPUTER SYSTEMS OF ARCHITECTURAL, ENGINEERING OR ACCOUNTING FIRMS WHICH MAY BE TAX EXEMPT. HA 26 - STATEWIDE REFERENDUM ON REPEAL OF SALES TAX ON FOOD.