Description:Establishes sales tax holiday and requires retailers to return sales tax refunds to those paying the tax
Current Status: perfected in the Senate
Next Step: needs final approval in the Senate before being sent to the House
JEFFERSON CITY - Missourians may get more out of their money during this year's summer sales.
The Missouri Senate Wednesday amended a bill that would establish a time period during which sales taxes would be waived.
The bill creates a state and local sales tax holiday for items of clothing, school supplies and personal computers, up to a certain amount.
The tax holiday period would affect such goods sold during two three-day periods in August of 2002 and 2003.
"This is a matter of $6 million dollars in tax savings to the people that pay taxes every day and every year that I think in some way ought to be considered," said Senate President Pro Tem Peter Kinder, R-Cape Girardeau, who is sponsoring the bill.
"The bill has worked well in eight or nine other states," he said.
Sen. John Schneider, D-St. Louis County, added an amendment which would require that a minimum raise of $1,000 be made to all state employees if the bill were to become law.
"We'll have to see exactly what the impact of the amendment is but I was willing to swallow hard and accept it today to keep the bill moving," Kinder said.
Sen. Ken Jacob, D-Columbia, sponsored a similar bill in the past calling for a sales tax exemption on clothes for one week.
"I am in support of the concept and I would like to see a tax holiday passed", he said.