House Committee Discusses Taxing Internet Sales

5 years 10 months 3 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
JEFFERSON CITY, Mo. — The capitol dome in Missouri will shine red for the Kansas City Chiefs as the... More >>
30 minutes ago Wednesday, January 29 2020 Jan 29, 2020 Wednesday, January 29, 2020 12:24:15 PM CST January 29, 2020 in News
MIAMI — Brett Veach stands to the side of the Super Bowl's annual media night melee with a... More >>
39 minutes ago Wednesday, January 29 2020 Jan 29, 2020 Wednesday, January 29, 2020 12:14:50 PM CST January 29, 2020 in News
COLUMBIA - Boone Hospital and Stephens College announced a new partnership Wednesday, aimed at developing a nursing program. “Stephens... More >>
2 hours ago Wednesday, January 29 2020 Jan 29, 2020 Wednesday, January 29, 2020 10:40:00 AM CST January 29, 2020 in News
COLUMBIA - Snowfall overnight and early Wednesday morning is creating slick road conditions around mid-Missouri. Columbia Public Works announced... More >>
5 hours ago Wednesday, January 29 2020 Jan 29, 2020 Wednesday, January 29, 2020 7:46:00 AM CST January 29, 2020 in News
COLUMBIA - Overnight snowfall has prompted a number of school districts in mid-Missouri to close or delay opening. Jefferson... More >>
7 hours ago Wednesday, January 29 2020 Jan 29, 2020 Wednesday, January 29, 2020 5:53:00 AM CST January 29, 2020 in News
COLUMBIA - The Missouri Medical Cannabis Trade Association aims to help answer some questions about the state's young medical marijuana... More >>
9 hours ago Wednesday, January 29 2020 Jan 29, 2020 Wednesday, January 29, 2020 3:06:00 AM CST January 29, 2020 in News
BOONVILLE— Pinnacle Hospital closed its doors in mid-January , and former patients are trying to get their health records. ... More >>
14 hours ago Tuesday, January 28 2020 Jan 28, 2020 Tuesday, January 28, 2020 10:18:00 PM CST January 28, 2020 in News
SOUTH BEACH - Fans from all over came to Ocean Drive Tuesday to see all the national media outlets talk... More >>
15 hours ago Tuesday, January 28 2020 Jan 28, 2020 Tuesday, January 28, 2020 9:43:00 PM CST January 28, 2020 in News
COLUMBIA - Most dogs spend their days playing with toys, getting belly rubs and eating treats. But, one Columbia dog... More >>
16 hours ago Tuesday, January 28 2020 Jan 28, 2020 Tuesday, January 28, 2020 8:40:00 PM CST January 28, 2020 in Continuous News
ROCHEPORT— The first Super Bowl game was played in 1967, a lopsided contest between the Green Bay Packers and... More >>
16 hours ago Tuesday, January 28 2020 Jan 28, 2020 Tuesday, January 28, 2020 8:37:00 PM CST January 28, 2020 in News
JEFFERSON CITY -- Cole County is conducting its annual Point in Time Count which identifies the number of homeless people... More >>
16 hours ago Tuesday, January 28 2020 Jan 28, 2020 Tuesday, January 28, 2020 8:05:00 PM CST January 28, 2020 in News
KANSAS CITY (AP) - A former Missouri teacher was sentenced Tuesday to 20 years in prison for secretly recording videos... More >>
17 hours ago Tuesday, January 28 2020 Jan 28, 2020 Tuesday, January 28, 2020 7:21:00 PM CST January 28, 2020 in News
COLUMBIA - University of Missouri student Anqi Sun's family lives in Wuhan, China, the place where the coronavirus first started.... More >>
18 hours ago Tuesday, January 28 2020 Jan 28, 2020 Tuesday, January 28, 2020 6:10:00 PM CST January 28, 2020 in News
KINGDOM CITY - The Missouri State Highway Patrol found 36 pounds of marijuana during a stop along Interstate 70 Monday... More >>
20 hours ago Tuesday, January 28 2020 Jan 28, 2020 Tuesday, January 28, 2020 4:31:00 PM CST January 28, 2020 in News
COLUMBIA - Amid the coronavirus outbreak in China, health officials in mid-Missouri warn against public panic. "If there is... More >>
20 hours ago Tuesday, January 28 2020 Jan 28, 2020 Tuesday, January 28, 2020 4:13:00 PM CST January 28, 2020 in News
JEFFERSON CITY- The end of May brought devastation for Jefferson City, and simultaneously, severe flooding. The end of January, however,... More >>
21 hours ago Tuesday, January 28 2020 Jan 28, 2020 Tuesday, January 28, 2020 3:30:00 PM CST January 28, 2020 in News
JEFFERSON CITY—The decline of children covered by Medicaid in Missouri has left some lawmakers questioning the Department of Social Services... More >>
21 hours ago Tuesday, January 28 2020 Jan 28, 2020 Tuesday, January 28, 2020 3:19:00 PM CST January 28, 2020 in News
JEFFERSON CITY - Authorities have identified the man who died Tuesday in a workplace accident involving a retaining wall. ... More >>
21 hours ago Tuesday, January 28 2020 Jan 28, 2020 Tuesday, January 28, 2020 2:55:00 PM CST January 28, 2020 in News
Columbia, MO
Broken Clouds 32°
1pm 33°
2pm 34°
3pm 34°
4pm 34°