SB1281 - Missouri - SB1281 - Requires motor vehicle dealers to collect and remit sales tax

Please upgrade your Flash Player Home > Missouri > SB1281 Tagged in: Boats And Watercraft, Motor Vehicles, Revenue, Department Of, Taxation And Revenue - Sales And Use LR number: 5401S.01I Latest Update: Sunday, June, 15th 2008 SB 1281 - This act specifies in the case of sales and leases of motor vehicles, trailers, boats and outboard motors, half of the transaction will be deemed to have been consummated at the address of the seller and half at the address of the purchaser. Motor vehicle dealers are required to collect and remit sales taxes on motor vehicle sales and are considered agents of the department of revenue. The act provides penalties for failures by sellers to timely remit sales tax collections. Sellers who remit taxes on behalf of purchasers will be entitled to a credit on the subsequent quarterly remittance. Where a seller is a motor vehicle dealer or a sale is financed by a financial institution, and the item sold is subsequently repossessed, the requirement that the tax paid be refunded to the purchaser will not apply. JASON ZAMKUS Comment on Bill - Be the first to leave a comment! Latest Actions 03/12/2008 - Hearing Conducted S Economic Development, Tourism & Local Government Committee 03/12/2008 - Hearing Scheduled S Economic Development, Tourism & Local Government Committee 03/03/2008 - Second Read and Referred S Economic Development, Tourism & Local Government Committee 02/28/2008 - S First Read--SB 1281-Griesheimer Bill Summary File name Last Updated SB1281 Bill Summary Introduced HTML 02/28/2008 Bill Text File name Last Updated SB1281 Bill Text Introduced PDF 02/29/2008 Fiscal Notes File name Last Updated SB1281 Fiscal Notes Introduced PDF 03/12/2008 SB1281 Fiscal Notes Introduced HTML 03/12/2008

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