Dive Summary:
- Support for legislation that would collect taxes from some online and out-of-state retailers is growing in Missouri's House and Senate.
- The legislation's primary targets are furniture stores in states like Illinois and Kansas that deliver to Missouri homes, and online retailers who see significant sales from consumers directed to them by Missouri businesses.
- One provision of the legislation would eliminate a Missouri law that exempts out-of-state businesses with less than $500,000 of annual sales in Missouri or $12.5 million nationally from being subject to collecting Missouri taxes on sales, and the Missouri Retailers Association says the lack of similar provisions in the neighboring states put local retailers at a disadvantage.
From the article:
JEFFERSON CITY — Missouri lawmakers are seeking to collect taxes from some online and out-of-state retailers in a move that could both bolster the state’s finances and aid traditional stores in their competition for customers. ...