Modifies provisions relating to the exclusion of certain transactions from sales tax

Summary

The bill repeals existing sections of the Missouri sales‑tax code and creates new rules that keep credit‑card and debit‑card processing fees (capped at 3% of the purchase price) out of a retailer’s gross receipts for tax purposes. It also removes the 1% sales tax on retail food sales and directs 0.2% of the 4% state sales‑tax rate to the School District Trust Fund. The changes would affect merchants, consumers, and school‑district financing.

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