Modifies the statutory provisions imposing a sales tax on food and authorizes a new business enterprise tax to offset lost revenue

Summary

The proposal alters the current sales tax applied to food and introduces a Business Enterprise Tax on most for‑profit and nonprofit entities operating in Missouri. The new tax is calculated on compensation, interest, dividends and other earnings, and is meant to make up for any revenue shortfall from the food‑tax change. It excludes certain insurers, investment companies, and charitable organizations from the tax.

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