Missouri General Assembly Gives Final Approval to Rep. Chrissy Sommer’s Bill to Eliminate Double Taxation for Businesses

Missouri General Assembly Gives Final Approval to Rep. Chrissy Sommer’s Bill to Eliminate Double Taxation for Businesses

JEFFERSON CITY, Mo. – Legislation sponsored by state Rep. Chrissy Sommer to end double taxation on Missouri businesses is now on its way to the governor’s desk to be signed into law. The bill was originally filed by Sommer to modernize the property tax collection process, but expanded during the legislative process to include the business taxation provision.

HB 128 would allow businesses that manufacture goods in Missouri to file under a third option for taxes and takes out the double taxation of businesses for businesses that make goods in Missouri and sell the goods out of state. This legislation determines Missouri taxable income for a corporation by dividing in state sales by the total amount and multiplying this fraction by the net income of the business.  The legislation also would allow County Collectors to send property tax statements via an approved email to taxpayers, and protect taxpayers from penalties and interest should the statement not be sent out 30 days prior to the delinquent date. Taxpayers would be given an additional 15 days to pay without penalty.

 “I am very proud to be able to not only be a taxpayer advocate, but also to work with Senator Will Kraus to help businesses who make goods in the state and sell goods elsewhere to give them an option of not being double-taxed,” said Sommer, R-St. Charles.

House Bill 128 was approved by the Missouri House by a vote of 107-45 and by the Missouri Senate by a vote of 32-0. It now moves to the governor’s desk to be signed into law.