MO Loses Millions Without Internet Sales Tax
St. Louis, MO (KPLR) A new study estimates Missouri could boost the budget by soliciting internet sales tax. A University of Missouri professor released his research, saying the state loses about $468 million every year because it does not collect taxes on interent sales. The study comes out as lawmakers consider what programs should be cut to balance the budget. Missouri lawmakers haven’t shown interest in joining 24 other states in a sales tax compact… that does collect internet tax.