“The unfair advantage out-of-state vendors had is now fixed. “This is a big win for Missouri cities, their residents, and local businesses,” said MML President Chuck Caverly. The move drew the attention of the Missouri Municipal League (MML), a supporter of the legislation. Mike Parson signs a Wayfair tax into law. This is going to help attract businesses and people to the state of Missouri.” Gov. ![]() “I’m very happy that we were able to put tax cuts in here, cutting Missouri’s income tax down to 4.8 percent. We needed to make this change,” Koenig said. “We had the worst thing you could have in a tax code: something that tells Missourians to purchase from a non-Missouri business. It passed the House on the final day of session. Parson applauded the General Assembly’s effort to get the legislation to his desk Wayfair was one of the priorities listed during his State of the State address this year and had been a three-year push in the legislature by Koenig. “With everything we’ve been through in this crisis over the last 16 months, if there’s ever a time to get it done and get it right, now’s the time.” “Wayfair is something we’ve all worked on for years - including when I was in the Senate - and to be able to sign this into law today is a big deal for the state of Missouri and a big deal for our small businesses,” he said. The new tax is slated to take effect in 2023. Parson said the change would benefit more than 570,000 small businesses across the state. Andrew Koenig allows the state to impose a sales tax on online purchases made through vendors with a physical presence in the state, a practice Parson said had already been adopted by 49 states and Washington, D.C. Mike Parson ’s signature, Missouri became the last state to enact a sales tax on online purchases, commonly known as a Wayfair tax.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |