House Committee Discusses Taxing Internet Sales

3 years 1 month 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 - Close to 25 environmental activists from mid-Missouri boarded a bus bound for Washington, D.C. Friday afternoon headed to... More >>
6 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 7:35:00 PM CDT in Top Stories
COLUMBIA - The Missouri Department of Public Safety is preparing to respond to potential dangerous flooding in the forecast beginning... More >>
6 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 7:20:00 PM CDT in Top Stories
JEFFERSON CITY - As prom season begins, the Jefferson City Police Department will start sending out more officers to monitor... More >>
7 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 7:01:00 PM CDT in News
JEFFERSON CITY - Fatal accidents involving drugged driving have surpassed those involving drunk driving, according to a new study from... More >>
8 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 5:36:00 PM CDT in Top Stories
ST. LOUIS — Thousands of workers in St. Louis are preparing to see a jump in pay now that the... More >>
9 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 4:27:17 PM CDT in News
FULTON - Autopsy results confirmed the body found by the Fulton Police Department Monday is 31-year-old Carl L. DeBrodie, the... More >>
10 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 3:51:00 PM CDT in News
COLUMBIA - Some Columbia utility customers are complaining because of recent past due notices sent out for the month of... More >>
10 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 3:29:00 PM CDT in News
JEFFERSON CITY - Lincoln University’s Board of Curators announced Thursday it will suspend tenure and earned advancements for its faculty.... More >>
10 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 3:24:00 PM CDT in News
COLUMBIA - Four teenagers were taken to the hospital Friday morning following a vehicle crash on I-70, according to the... More >>
11 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 2:58:00 PM CDT in News
COLUMBIA – Music enhances and develops the life of 20-year-old Nathan Walton on a daily basis. "I play a... More >>
12 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 2:01:00 PM CDT in News
COLUMBIA – Missouri Task Force 1 sent a team to Southern Missouri to help with the possible flooding in the... More >>
12 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 2:01:00 PM CDT in News
COLUMBIA - The UM System Board of Curators approved amendments to the University of Missouri-Columbia's collected rules governing faculty standards... More >>
12 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 1:32:00 PM CDT in News
COLUMBIA - The pollen count in Missouri is the highest it has been in ten years, but that might not... More >>
12 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 1:23:00 PM CDT in News
COLUMBIA - A pilot program targeting food insecurity wrapped up at Rock Bridge High School Friday. The program, designed by... More >>
13 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 1:06:00 PM CDT in News
SPRINGFIELD (AP) — A Missouri woman has been charged with first-degree involuntary manslaughter in connection to a fatal crash late... More >>
13 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 1:02:00 PM CDT in News
KANSAS CITY, Mo. (AP) — Three people have been charged in the stabbing death of a Kansas man who was... More >>
13 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 12:54:51 PM CDT in News
JEFFERSON CITY - The Federal Emergency Management Agency (FEMA) and state and local agencies held a public meeting Friday to... More >>
13 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 12:53:00 PM CDT in News
KANSAS CITY, Mo. (AP) — A zoo in western Missouri will soon have a saltwater tank allowing visitors to pet... More >>
13 hours ago April 28, 2017 Apr 28, 2017 Friday, April 28 2017 Friday, April 28, 2017 12:46:58 PM CDT in News
Columbia, MO
Broken Clouds 57°
3am 54°
4am 55°
5am 54°
6am 54°

Select a station to view its upcoming schedule:

Coming Up Next

2:07a
Today
3:00a
Mad Money
4:00a
LX.TV: 1st Look
2:00a
Paid Program
2:30a
Paid Program
3:00a
Paid Program

Tonight's Schedule

7:00p
2017 NHL Stanley Cup Playoffs
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