HB2079

Missouri HB2079 exempts retail food sales from state sales tax and phases out local sales tax on food over four years.

Missouri HB2079 exempts the retail sale of food from state sales and use tax starting October 1, 1997, and phases out local sales and use tax on the retail sale of food over four years, beginning January 1, 2027. The bill reduces the local sales and use tax rate in four equal increments annually until it is eliminated entirely by January 1, 2031. The revenue from the one percent rate is deposited in the school district trust fund and distributed as provided in section 144.701.