BONDING REQUIREMENTS FOR SALES LICENSES (Section 144.087)

“Currently, applicants for retail sales licenses and certain licensees are required to file bonds in an amount up to 3 times the average monthly tax liability of the taxpayer as determined by the Director of Revenue. After 2 years of satisfactory tax compliance, the taxpayer is released from this bonding requirement. This act lowers the cap to 2 times the average monthly tax liability of the taxpayer and releases taxpayers after 1 year of satisfactory tax compliance.

This provision is identical to HB 2631 (2016) and a provision in HCS/SS/SB 799 (2016).”

 

Read the entire Missouri State Senate Bill by clicking: Here