Bill would let car dealers finance taxes, fees (EXCERPT on Back-to-School Sales Tax Holiday)
Posted by Senator Avery on January 14, 2008 - 3:20pm in
Pahls put a twist on the bill he introduced Wednesday.
Stores would not have to participate in the holiday. And even if they did, they could choose which items to exempt from the sales tax.
Finally, while customers would not have to pay the tax on the items, businesses would still have to pay the tax to the state. That would address concern that a sales tax holiday could hurt state revenue.
Avery’s bill would put different limitations on the holiday, including only applying to school-related purchases.
Businesses, however, would not have to pay the state for taxes that weren’t charged to customers.
About 15 states have sales tax holidays, including Missouri and Iowa.
