Missouri (Effective January 1, 2023)
On June 30, 2021, Missouri’s SB 153 and 97 were enacted, allowing state and local jurisdictions to collect a use tax from online retailers who sell and deliver more than $100,000 annually in tangible goods to consumers in the state each year. Although some of the details of Missouri’s law are similar to other states, it’s important to note that the state’s economic nexus law does not have a threshold on minimum number of sales for the compliance requirements to apply. Instead, it is dependent on the taxable receipts threshold only. Once that threshold is reached, retailers are expected to register to collect and remit tax immediately.
Missouri’s collection and remittance requirements begin January 1, 2023 and requires online marketplace facilitators to collect Missouri’s taxes on sales made through their sites beginning on that date. With its 2023 effective date, Missouri will be the final state to implement an economic nexus law since the Supreme Court’s decision in 2018.
The Synexus team is available to work with you and your business to understand the nexus developments and the effect legislation can have on your business. If you have any questions regarding the recently enacted legislation in Kansas or Missouri please contact a member of our team by completing the form below.