As reported earlier on this blog, Missouri was considering two bills, one that would have replaced individual and corporate income taxes, withholding tax, sales and use tax, and the bank franchise tax with a new "fair sales tax;" the other bill would have made several changes to the corporate income, personal income and sales and use tax, including implementing combined reporting.
As you may have guessed, both bills did not pass. The Missouri General Assembly adjourned on May 15, 2009 without passing either bill (HJR 36 and S.B. 241).
If you have any questions regarding the bills, please contact me at leveragesalt@earthlink.net.
