United States of America: Introduced Missouri Senate Bill 153 expanding the definition of economic nexus
Description
Introduced Missouri Senate Bill 153 expanding the definition of economic nexus
Senate Bill 153 was introduced to the Missouri Senate. The Bill introduces the obligation for businesses to collect sales taxes, even if they have no physical presence in the State. The act modifies the economic nexus to include vendors and marketplace facilitators, as defined in the act (144.752), who have no physical presence in the State and exceed a threshold of USD 100'000 annually, requiring them to collect the respective taxes. The Bill shall be effective as of 1 January 2023.
Original sourceScope
Policy Area
Taxation
Policy Instrument
Indirect taxes
Regulated Economic Activity
platform intermediary: e-commerce, platform intermediary: e-commerce
Implementation Level
subnational
Government Branch
legislature
Government Body
parliament
Complete timeline of this policy change
Hide details
2021-01-06
under deliberation
2021-03-11
under deliberation
2021-05-14
in grace period
Key regulatory dimensions
Regulated subjects
The businesses, government agencies or individuals affected by this policy or regulatory change.
producer / supplier
1
Type
Private organisation
Economic activity
platform intermediary: user-generated content,platform intermediary: e-commerce
Category
All
Policy change by business practice
The detailed activities within the scope of this policy or regulatory change.
all goods (physical or digital): sale
Regulatory tool
Subordination under sales, use or value-added tax
Sanctions
Determined by existing law or regulation
Regulated subjects
1