House Committee Discusses Taxing Internet Sales

3 years 10 months 2 weeks ago Tuesday, March 04 2014 Mar 4, 2014 Tuesday, March 04, 2014 6:37:00 PM CST March 04, 2014 in News
By: Michael Doudna, KOMU 8 Reporter
loading

JEFFERSON CITY - The Missouri House Ways and Means Committee debated a bill Tuesday which would tax Internet transactions. 

The committee discussed HB 1477, a bill which would change portions of the Missouri tax code.

The bill would include Missouri in the Streamlined Sales Tax, which focuses on adding a sales tax to Internet purchases.

A total of 23 states comply with the Streamlined Sales Tax.

Proponents of the legislation believe the bill would help local businesses compete with Internet retail giants like Amazon. 

Missouri would be the latest state to implement a sales tax on Internet purchases. The Streamlined Sales Tax was enacted in 2005 after federal law threatened to make taxing online transactions illegal. 

The tax would likely provided the state with more revenue to spend in state.

Opponents believe the bill could have unintended consequences, such as taxing medical supplies or other necessities. 

If passed, the bill would also introduce a flat income tax rate at 4.4 percent. The flat rate would then reduce every year until 2017 where it would stop at 3.8 percent.

While the bill would reduce state income tax, it would raise the state's sales tax rate by .25 percent to offset any loss of revenue.

Bill sponsor Rep. Rick Brattin, R-Harrisonville, says the bill would also reduce tax credits and close loopholes allowing the state to take in more revenue.

Opponents of the legislation are wary of the bill completely overhauling tax code precedent in the courts.

No action was taken on the bill. 

 

More News

Grid
List
ST. LOUIS (AP) — Coyote sightings are becoming more frequent in the St. Louis area, and some are strolling down... More >>
32 minutes ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 10:37:36 AM CST January 20, 2018 in News
ST. LOUIS (AP) — The number of confirmed cases of chronic wasting disease in Missouri deer is up, but... More >>
44 minutes ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 10:26:00 AM CST January 20, 2018 in News
CHARITON COUNTY -- Alonzo Bernard Thorpe of Clark, Missouri was found guilty of eight counts of child molestation and two... More >>
3 hours ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 7:38:00 AM CST January 20, 2018 in News
WASHINGTON (CNN) -- In the final moments leading up to Friday's midnight deadline, Senate Republicans and Democrats were unable to... More >>
6 hours ago Saturday, January 20 2018 Jan 20, 2018 Saturday, January 20, 2018 5:00:00 AM CST January 20, 2018 in News
(CNN) - The FBI recently opened an inquiry into Missouri Gov. Eric Greitens, two US officials told CNN, as he... More >>
13 hours ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 9:19:05 PM CST January 19, 2018 in Continuous News
COLUMBIA - A visiting MU researcher is working to fight cancer with blueberries - specifically the extract of the fruit.... More >>
15 hours ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 8:06:00 PM CST January 19, 2018 in News
COLUMBIA - Some facilities in the state may be required to hang posters with information about human trafficking by the... More >>
16 hours ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 6:43:00 PM CST January 19, 2018 in News
JEFFERSON CITY (AP) — Missouri offered Amazon nearly $2.5 billion in incentives over 10 years in a bid to... More >>
17 hours ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 5:25:09 PM CST January 19, 2018 in News
COLUMBIA - Researchers at the University of Missouri have found that 80 percent of state students who needed treatment for... More >>
19 hours ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 4:09:00 PM CST January 19, 2018 in News
COLUMBIA - Campaign finance reports revealed Governor Eric Greitens' campaign operation has been leasing space in the same complex as... More >>
19 hours ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 4:03:00 PM CST January 19, 2018 in News
COLUMBIA- The annual blood drive for fallen officer Molly Bowden came at a time when collecting blood is vital. ... More >>
19 hours ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 3:56:00 PM CST January 19, 2018 in Continuous News
COLUMBIA- A federal judge sentenced a man to more than 20 years in prison Friday for exploiting several children under... More >>
20 hours ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 2:37:00 PM CST January 19, 2018 in News
COLUMBIA- While the government heads toward a possible partial shut down many government agencies in mid-Missouri will remain open. ... More >>
20 hours ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 2:23:00 PM CST January 19, 2018 in News
JEFFERSON CITY - Rep. Dean Dohrman, (R-La Monte) has introduced House Bill 1528 to the Missouri Legislature. The bill requires... More >>
20 hours ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 2:21:00 PM CST January 19, 2018 in News
ST. LOUIS - Governor Greitens' attorney said Friday the rumors about Greitens possibly resigning hold "zero truth". Rumors of... More >>
21 hours ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 1:21:00 PM CST January 19, 2018 in News
COLUMBIA - Property restrictions based on race and ethnicity are not a thing of the past, in fact, they can... More >>
23 hours ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 11:37:00 AM CST January 19, 2018 in News
SEDALIA (AP) — An 18-year-old staying at a Missouri ranch for homeless boys has been charged with killing a woman... More >>
1 day ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 9:56:00 AM CST January 19, 2018 in News
KANSAS CITY (AP) — Two Kansas City brothers have been charged with killing a man and then dumping his... More >>
1 day ago Friday, January 19 2018 Jan 19, 2018 Friday, January 19, 2018 9:11:00 AM CST January 19, 2018 in News
Columbia, MO
Broken Clouds 46°
12pm 45°
1pm 46°
2pm 48°
3pm 49°

Select a station to view its upcoming schedule:

Coming Up Next

11:00a
Journey with Dylan Dreyer
11:30a
English Premier League Soccer
1:30p
Premier League Goal Zone
11:00a
Campmeeting: Inspiration Ministries
12:00p
Made in Hollywood
12:30p
The King of Queens

Tonight's Schedule

7:00p
Will & Grace
7:30p
Superstore
8:00p
Dateline NBC
9:00p
Saturday Night Live
7:00p
Family Guy
7:30p
Family Guy
8:00p
Bob's Burgers
8:30p
Bob's Burgers
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld