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The Missouri Department of Revenue is a U.S. state government agency in Missouri created under the Missouri Constitution in 1945, which is responsible for ensuring the proper functioning of state and local government through the collection and distribution of state revenue, and administration of state laws governing driver licensing, and motor vehicle sale and registration. [1]
The state tax on food however, is one percent. [10] (Food is still subject to the Department of Conservation and Department of Natural Resources sales taxes, as well as local sales taxes.) Missouri also imposes a use tax on tangible personal property that is stored, used, or consumed in Missouri but not subject to the sales tax. [11]
The state treasurer is responsible for managing more than $24 billion in annual revenues and more than $3.6 billion in state investments. [1] Additionally, the state treasurer works to return nearly $700 million in unclaimed property to more than 4.3 million account owners. [2]
Federal Tax Refund vs. State Tax Refund. Many taxpayers don't realize there's a difference between state and federal income tax refund timeframes. The IRS typically processes electronic federal ...
Readers have been asking about a new program to keep your home’s assessment from rising and how it’s being implemented around the metro. We found answers.
Over the last eight years Republicans have been leading the effort to reduce income taxes in Missouri. In 2017, corporate income tax rates were reduced from 6% to 4.25% and in 2018, Republicans ...
Returns are also required by partnerships doing business in the state. Many states require that a copy of the federal income tax return be attached to their state income tax returns. The deadline for filing returns varies by state and type of return, but for individuals in many states is the same as the federal deadline, typically April 15.
The next step in the phased-in tax cut passed in 2022 will take effect on Jan. 1, cutting the top income tax rate to 4.7%. Those cuts will generate economic activity that will sustain revenues ...