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Parson Signs New Law For Online Sales Tax Collection

Parson Signs New Law For Online Sales Tax Collection

Parson Signs New Law For Online Sales Tax Collection

JEFFERSON CITY, Mo. (AP) — Gov. Mike Parson has signed a bill to require online retailers to collect sales taxes on purchases made by Missouri residents.

Parson signed the bill Wednesday.

Missouri is the last state with a sales tax to approve such a requirement.

Buyers are still required to pay sales taxes.

But many people don’t know that, and it’s challenging to enforce without the help of retailers.

The legislation requires out-of-state retailers with at least $100,000 of annual sales in Missouri and online marketplace facilitators to collect state and local taxes beginning in 2023.

 

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