Law and Government Legislation regarding 'Taxation And Revenue - General' in Missouri

SB 1275 - This act allows the director of the Department of Revenue to require that motor fuel tax returns be submitted electronically in an approved format after notifying affected entities in writing at least six months prior to the effective date. The director of the Department of Revenue may require employer withholding returns and payments be submitted in electronic format provided employers are notified a minimum of six months prior to the effective date of such requirements. Employers required to submit returns and payments electronically may appeal to the director of revenue for an exemption from this requirement. From January 1, 2008, to January 1, 2009, any person acting as a tax practitioner or preparer and who completed and filed more than two hundred individual income tax returns in the previous calendar year is required to transmit such returns either electronically or containing a two dimensional bar code in a format approved by the director. From January 1, 2009, to January [...]

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SS/SCS/SB's 1234 & 1270 - This act creates a new type of project under the enhanced enterprise zone tax benefit act known as mega-projects. A taxpayer who establishes a mega-project within an enhanced enterprise zone will be allowed an income tax credit equal to a percentage of the taxpayer's new annual payroll for employees located at the project. In order to be approved as a mega-project, the new capitol investment must be projected to exceed three hundred million dollars and the project must be projected to create at least one thousand new jobs over a period of eight years. The new jobs created must have an average wage in excess of the county average wage and the taxpayer must offer health insurance to all new jobs and pay at least half of the premiums for such insurance. The taxpayer must provide an acceptable plan for repayment of tax credits received. Prior to final approval of a mega-project, the department and the taxpayer must enter into a binding contract which: sets out the [...]

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HCS/SCS/SB 1209 - This modifies laws regarding taxes and fees. The Director of the Department of Revenue is required to justify any fee increases before the Joint Committee on Tax Policy before the increase can go into effect(Sections 21.810 and 32.400, RSMo). All counties are authorized to impose, upon voter approval, a sales tax of up to one-half of one percent for the purpose of funding the operation of public safety departments, including police and fire departments, and the communications of the public safety departments(Section 67.175). The City of Sugar Creek is authorized, upon voter approval, to impose a transient guest tax of at least two percent but not more than five percent on all occupied hotel, motel, and bed and breakfast inn rooms and campgrounds for the purpose of promoting tourism. The tax will not apply to charges for sleeping rooms paid by guests of not-for-profit hotels and motels(Section 67.1360). The City of Grandview, upon voter approval, to impose a transient [...]

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SB 1136 - This act creates three tax credit programs and two sales tax exemptions. The secondary mining use tax credit program provides a tax credit for taxpayers, including not-for-profit insurance companies, that incur expenses for the utilization of an existing mine for secondary uses equal to the lesser of hundred percent of such costs or one hundred thousand dollars. The tax credit is fully transferrable, and non-refundable, but may be carried forward five years. The tax credit has an annual aggregate state-wide cap of one million dollars. The provisions of this act will sunset six years from the effective date if not reauthorized. The Business Relocation for Secondary Mining Use Tax Credit program provides a tax credit to taxpayers, including not-for-profit insurance companies, that incur expenses in relocating to an existing mine for use of the mine other than mining equal to the lesser of fifty percent of such costs or ten thousand dollars. The tax credit is fully transferrable,[...]

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HCS/SCS/SB 1081 -This act modifies provisions relating to quality assurance and safety in the Division of Mental Retardation and Developmental Disabilities Community Programs. FAMILY CARE SAFETY REGISTRY This act amends the Family Care Safety Registry to include protections for the developmentally disabled and requires the registry to contain information on mental health workers. This act also adds direct care staff from the Division of Mental Retardation and Developmental Disabilities (MRDD) community programs to the list of health care and mental health providers who are required to report suspected cases abuse of a patient, resident, or client of a mental health facility. The Department of Mental Health shall conduct such abuse and neglect investigations. SECTIONS 210.900 TO 210.927 GOOD SAMARITAN This act modifies the good Samaritan statute to include suicide prevention intervention rendered in good faith by a qualified counselor or any other person to the list of care [...]

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SB 1052 - This act directs revenue derived from the loss limit repeal and the imposition of an education allowance to the newly created Educational Opportunities for Missouri's Children Fund. Upon appropriation, the first twenty-five million dollars in the fund will be allocated to the Department of Elementary and Secondary Education for the A+ Schools program, provided that such program is expanded to all Missouri high schools. The remaining moneys in the fund will be allocated equally among the Early Childhood Development, Education and Care Fund, and the First Steps program. The act renders the following alterations to the state's gaming policy: • Repeals the maximum loss limit of five hundred dollars per individual player per gambling excursion; • Institutes a cap of thirteen licenses to operate excursion gambling boats in the state; • Imposes an education allowance of one percent on adjusted gross receipts in excess of forty million dollars for gaming licensees;• States [...]

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SJR 41 - Upon voter approval, this proposed constitutional amendment shall prohibit all state courts from imposing or ordering any new or increased taxes, licenses, or fees, except when expressly authorized by an act of the general assembly or vote of the people. The amendment also prohibits any state court from instructing or ordering the general assembly or any officer of the state, any political subdivision, or any governmental agency to appropriate or spend public funds, except as expressly authorized by legislation or the vote of the people. The amendment shall not prevent the state courts from declaring rights and obligations of parties under laws appropriating or authorizing expenditure of public funds; shall not limit court authority to enter and enforce judgments concerning lawful contracts or bonded indebtedness of the state or its agencies; shall not limit court authority to enforce provisions of article X, sections 16 to 25 of the state constitution; and shall not limit [...]

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SB 743 - This act makes various modifications to Missouri tax law. The act: (1) Decouples Missouri's income tax from the federal income tax code. The act adopts the IRC as it was written January 1, 2004 (section 143.091); (2) Reinstates the decoupling from the federal accelerated depreciation and makes it permanent (section 143.121); (3) Eliminates the timely filing discount for employers who withhold their employees' income tax (sections 143.225 & 143.261); (4) Modifies the way losses and operating expenses are deducted among parties for various types of property, including intellectual property. Minimum standards are established regarding what connections among various corporate entities constitute related parties and affiliated groups for multi-state corporate income tax purposes. Under this provision, the entire profit of a unitary group will be aggregated and then divided among the members of the group. This allocation will be based upon the relative incomes of the [...]

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SCS/SB 749 - This act creates an income tax credit for the costs of constructing a qualified alternative fuel vehicle refueling property. The tax credit shall not exceed the lesser of twenty thousand dollars or twenty percent of the costs directly associated with the purchase and installation of any alternative fuel storage and dispensing equipment. The cumulative amount of credits which may be claimed shall not exceed three million dollars for taxable year 2009. For taxable year 2010, the cumulative amount of tax credits which may be claimed is reduced to two million dollars, and for taxable year 2011, the amount is further reduced to one million dollars. The tax credit is non-refundable, but may be carried forward for two subsequent tax years. The tax credit is fully transferable. The act contains a recapture provision for refueling properties which cease sales of alternative fuel. The provisions of the act creating the tax credit program will automatically expire six years from the effective [...]

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SB 859 - This act allows health maintenance organizations to offer high deductible health plans provided such high deductible health plans are combined with health savings accounts. The health savings accounts affiliated with high-deductible HMO plans must be funded to cover the deductible for the plan. Any health maintenance organization that issues a high deductible health plan that is combined with a health savings account shall be taxed at a rate of two percent on premiums received from high deductible health plans in the same manner as life and health insurance companies are taxed under chapter 148. The proceeds from the tax, however, shall be deposited in the part C early intervention system fund (First Steps Fund). The act authorizes the department of insurance to assess whether the high-deductible health plans are meeting the act's requirements. If a HMO fails to comply with the act's requirements, the department may revoke or suspend the HMO's authority to issue such health plans.[...]

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