Proposed Act Could Help Missouri Retailers and the Missouri Budget

6 years 1 month 2 weeks ago Sunday, June 02 2013 Jun 2, 2013 Sunday, June 02, 2013 5:00:00 PM CDT June 02, 2013 in News
By: Andrea Park
loading

JEFFERSON CITY - An Internet sales tax is currently being debated in the U.S. House of Representatives. The Marketplace Fairness Act was passed in the Senate with a final vote of 69-27 last month.

The act grants states the authority to allow online retailers, no matter where they are located, to collect sales tax at the time of transaction.

Policy makers from the Missouri Budget Project want Missouri to pass a state-level Marketplace Fairness Act to allow Missouri to begin collecting some of the hundreds of millions in sales taxes that it is owed each year, as 24 states already do.

Policy consultant Mike Sutherland said passing this act would level the playing field for Missouri retailers.

"Missouri retailers will gain business because right now the Missouri sales tax code puts them at about a 5-10 percent disadvantage," said Sutherland. "This is because they have to charge sales tax on Missouri sales when purchases made online from out of the state don't have to."

Opponents to the act say the tax would hurt small businesses, which create jobs, and consumers who are already strapped. However some local retail stores in downtown Columbia believe otherwise.

Envy store manager Lauren Ward said she is for the passing of the act.

"If we were to open a bigger online retail shop, I think it would be a great way to expand our merchandise, and we would have more of an incentive to do so because we're such a small franchise," said Ward.

Sutherland also said the act could help Missouri claim millions of dollars in tax money.

 

More News

Grid
List
INDIANAPOLIS - The NCAA heard Missouri's appeal on Thursday after the school was handed a handful of penalties back in... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 6:49:00 PM CDT July 18, 2019 in Top Stories
BRANSON - One year ago Friday, 17 were killed when a duck boat sank during a thunderstorm on Table Rock... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 5:01:00 PM CDT July 18, 2019 in News
INDIANAPOLIS (AP) — Prosecutors filed reckless homicide charges on Thursday against a Missouri semi driver for a highway construction zone... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 4:09:00 PM CDT July 18, 2019 in Top Stories
COLUMBIA - The new AI face editing app FaceApp has become an instant hit with iPhone users. However, there are... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 3:45:00 PM CDT July 18, 2019 in News
COLUMBIA - An excessive heat warning is still in effect through Saturday and families should take precautions when playing on... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 1:55:00 PM CDT July 18, 2019 in News
JEFFERSON CITY- Treasurer Scott Fitzpatrick announced Thursday the creation of a new program to help small businesses and farmers after... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 12:37:00 PM CDT July 18, 2019 in News
COLUMBIA - The 35th anniversary of the annual Show-Me State Games kicks off Friday. Director, Dave Fox, said the... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 12:31:00 PM CDT July 18, 2019 in News
WASHINGTON (AP) — House Democrats approved legislation Thursday to raise the federal minimum wage for the first time in a... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 11:38:19 AM CDT July 18, 2019 in News
COLUMBIA, Mo. (AP) — Cooling centers are opening around Missouri as high temperatures and humidity create dangerous conditions. The... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 11:22:02 AM CDT July 18, 2019 in News
JEFFERSON CITY - State Auditor Nicole Galloway released her audit of the Lieutenant Governor's office while now-Governor Mike Parson was... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 10:43:00 AM CDT July 18, 2019 in News
COLUMBIA - The University of Missouri Police Department is asking the public to help identify three individuals. Officers believe... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 10:15:00 AM CDT July 18, 2019 in News
TOWN AND COUNTRY, Mo. (AP) — A 55-year-old man has been charged with shooting up a woman's car on a... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 9:57:41 AM CDT July 18, 2019 in News
GREENVILLE, N.C. (AP) — Going after four Democratic congresswomen one by one, a combative President Donald Trump turned his campaign... More >>
3 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 9:53:16 AM CDT July 18, 2019 in News
TOKYO (AP) — A man screaming "You die!" burst into an animation studio in Kyoto, doused it with a flammable... More >>
4 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 9:43:00 AM CDT July 18, 2019 in News
ROCHEPORT - Concerned drivers will have an opportunity to learn more about the 2020 Missouri River Bridge repairs in meetings... More >>
4 days ago Thursday, July 18 2019 Jul 18, 2019 Thursday, July 18, 2019 3:21:00 AM CDT July 18, 2019 in News
COLUMBIA — An American Airlines flight landed safely Wednesday night shortly after pilots declared an emergency because of the smell... More >>
4 days ago Wednesday, July 17 2019 Jul 17, 2019 Wednesday, July 17, 2019 8:30:00 PM CDT July 17, 2019 in News
COLUMBIA - A group that calls themself "Save Historic Broadway" is coming together in order to put a stop to... More >>
4 days ago Wednesday, July 17 2019 Jul 17, 2019 Wednesday, July 17, 2019 7:56:00 PM CDT July 17, 2019 in News
COLUMBIA — The Gasconade County Sheriff's Office said in a Facebook post Tuesday night that it needs help finding its... More >>
4 days ago Wednesday, July 17 2019 Jul 17, 2019 Wednesday, July 17, 2019 7:12:00 PM CDT July 17, 2019 in News
Columbia, MO
Broken Clouds 73°
10am 74°
11am 77°
12pm 79°
1pm 80°