Tagged: sales tax

Sales tax holiday this weekend in Missouri - except for a few municipalities

It will be a big weekend for back-to-school shopping in Missouri as the state's annual sales tax holiday runs Friday through Sunday. School supplies, clothing items under $100, and personal computers under $3,500 are among the goods that will be exempt from the state's 4.2 percent tax.

Cities and counties can choose to opt out and charge local taxes, but as Missouri Department of Revenue spokesman Ted Farnen says many are taking part.

St. Louis County Council gives initial approves $46 million budget for Metro

Last night the St. Louis County Council moved one step closer to approving two funding bills for the public transit agency, Metro -  despite one councilman raising concerns about how the agency has spent tax dollars in the past.

Councilman Steve Stenger had threatened to withhold around $6 million- the amount Metro transit paid to a developer in 2010 for spaces in a Brentwood parking garage.

Governor Jay Nixon (D) is threatening to veto legislation passed Wednesday that would require Missouri residents to pay sales taxes on autos, boats and other vehicles purchased in other states.

Nixon called the measure a tax increase that flies in the face of a State Supreme Court ruling issued earlier this year that limited sales tax collections to purchases made in Missouri.  State Senator Mike Kehoe (R, Jefferson City) says, though, vetoing the bill would threaten jobs.