MO – near Month Long Sales Tax Holiday in the making!?!
Posted by salestax on April 24, 2009
I had to read it twice, but it’s true. It’s not completely passed yet, but the MO house has passed House Bill No. 952 which would approve a sales tax holiday on all items purchased from July 4th-31st of each year for the next six years; if reauthorized when the six years is up, the next sunset will not be for an additional 12 years.
It will be known as the “Independence Day Sales Tax Holiday” and would be effective this year if passed by the State Senate and signed by the MO Governor.
Noteworthy points: 1. This is just a holiday specific for the State portion of sales taxes paid in the state of MO. Local jurisdictions will have the discretion on whether to follow suite. 2. This is for all tangible personal property and services bought at retail. There doesn’t seem to be a carve out for business purchases or automobiles.
I will definitely track to see how this one ends and update this post when it either passes or becomes dead.
