Missouri Officially Enacts Economic Nexus and Marketplace Facilitator Laws

On June 30, 2021, Missouri Governor Mike Parson signed SB 153 & 97, finally creating economic nexus provisions in the state, effective January 1, 2023. The state will have an economic nexus threshold of $100,000 in cumulative gross receipts in a twelve-month period for both remote sellers and marketplace facilitators. Missouri becomes the final state that collects a state-wide sales tax to pass a law imposing sales tax on remote sales, following in the footsteps of Florida, another long time hold out, passing economic nexus earlier this year. (Missouri SB 153 & 97).

Posted on July 15, 2021