House Committee Discusses Taxing Internet Sales

2 years 11 months 3 weeks ago March 04, 2014 Mar 4, 2014 Tuesday, March 04 2014 Tuesday, March 04, 2014 6:37:00 PM CST 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
COLUMBIA - It all started with a Madden tournament. Columbia College's new president at the time, Scott Dalrymple, challenged students... More >>
1 hour ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 8:39:00 AM CST in News
CAMDEN COUNTY - The Camden County Sheriff's Department has issued a Missing Endangered Person Report for Chad Hawk. Hawk was... More >>
5 hours ago February 25, 2017 Feb 25, 2017 Saturday, February 25 2017 Saturday, February 25, 2017 4:41:00 AM CST in News
COLUMBIA - The Boone County Sheriff's Department has noticed a decrease in the number of concealed carry permit applications and... More >>
11 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 10:03:00 PM CST in Top Stories
MOBERLY - A non-profit held an open house Friday for people to learn about a program that helps disabled people... More >>
14 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 7:41:00 PM CST in Top Stories
COLUMBIA – When Deronne Wilson arrived at the First State Community Bank, he was expecting a job evaluation. Instead, friends... More >>
14 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 7:01:00 PM CST in Top Stories
COLUMBIA - Residents of Columbia have the chance Saturday to express their opinions in a public forum held by the... More >>
16 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 5:52:00 PM CST in News
KANSAS CITY, Mo. (AP) — Kansas City residents will vote in August on whether to raise the city's minimum wage... More >>
17 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 4:41:00 PM CST in News
COLUMBIA - Chrystal Sadler never imagined she'd be where she is today. "My mom told me at 15 I'd... More >>
17 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 4:08:08 PM CST in News
COLUMBIA – Columbia Public Schools Board of Education is accelerating the process to build the first new middle school in... More >>
18 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 3:23:00 PM CST in Top Stories
JEFFERSON CITY - Up to 140 J.C. Penney stores across the country will close, the chain announced Friday. The... More >>
19 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 2:52:00 PM CST in Top Stories
ST. LOUIS (AP) — For the third time since 2009, a St. Louis family is dealing with the loss of... More >>
19 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 2:51:00 PM CST in News
ST. CHARLES, Mo. (AP) — Federal investigators have ruled that the fire that destroyed a suburban St. Louis country club... More >>
19 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 2:40:00 PM CST in News
JEFFERSON CITY (AP) — Missouri has approved more than $54,000 for remodeling the Capitol office of new Lt. Gov. Mike... More >>
20 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 1:17:00 PM CST in News
COLUMBIA - Tax-filing season is in full swing and some want to take advantage of it. The Internal Revenue Service... More >>
21 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 12:04:00 PM CST in News
JEFFERSON CITY (AP) — Gov. Eric Greitens has appointed two former Missouri senators and the new Department of Revenue director... More >>
22 hours ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 11:46:08 AM CST in News
ST. LOUIS (AP) — A streetcar that will operate in the Loop area of St. Louis and adjoining University City... More >>
1 day ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 7:49:51 AM CST in News
COLUMBIA - When someone overdoses on heroin or another opioid, the drug slows down their central nervous system until they... More >>
1 day ago February 24, 2017 Feb 24, 2017 Friday, February 24 2017 Friday, February 24, 2017 6:02:00 AM CST in Top Stories
COLUMBIA - A Moberly woman was charged Tuesday in Boone County for abusing a 12-year-old Columbia boy. Stacey Robertson,... More >>
1 day ago February 23, 2017 Feb 23, 2017 Thursday, February 23 2017 Thursday, February 23, 2017 10:23:00 PM CST in News
Columbia, MO
Broken Clouds 26°
10am 32°
11am 34°
12pm 36°
1pm 38°

Select a station to view its upcoming schedule:

Coming Up Next

9:00a
KOMU 8 News Today
10:00a
The Voyager with Josh Garcia
10:30a
Wilderness Vet
9:30a
Dog Whisperer with Cesar Millan: Family Edition
10:00a
Save Our Shelter
10:30a
Vacation Creation

Tonight's Schedule

7:00p
NHL Hockey
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