Overview. : Missouri's Economic Nexus Act, effective January 1, 2023, allows Missouri and local jurisdictions to collect sales tax from online retailers that sell and deliver more than $100,000 in tangible goods annually to consumers in the state.
Description of Missouri's Economic Nexus
Like all other states that impose sales taxes, Missouri currently effective January 1, 2023. Economic Relation Act Signed by Governor Mike Parson on June 30, 2022, this new law allows Missouri and local jurisdictions to collect sales tax.
- Sales tax from online retailers, remote sellers, and market facilitators that sell and deliver $100,000 or more in tangible goods to consumers in the state, regardless of the retailer's physical location.
Breakdown of Missouri's Economic Nexus Thresholds
- If the vendor's gross receipts from taxable sales of tangible personal property delivered to the state exceed $100,000 during the 12-month period ending on the last day of the preceding calendar quarter, the vendor has an economic nexus with the state of Missouri.
- While many states have a combination of transaction count and/or dollar thresholds, Missouri will only have dollar thresholds in the amounts shown above, with 2023 as the first year.
- To determine whether the seller meets the $100,000 threshold on January 1, 2023, the seller must verify gross receipts from taxable sales in 2022.
If the vendor meets the economic-related requirements, the vendor must collect and pay taxes over the next 12 months beginning no later than three months after the end of the previous calendar quarter.
Where to get more information on Missouri's economic laws
If you have further questions about Missouri's sales and use tax requirements for remote sellers, Missouri Senate Bills 153 & 97 (page 156).