Saturday, March 13, 2010
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Legislative Issues

The Second Session of the 95th Missouri General Assembly reconvened January 6, 2010.

During the legislative session of the Missouri General Assembly, the MSCPA and its lobbyists monitor legislation that can have an impact on the profession, your practice/company or your clients.

Below is a topic list of current bills being monitored. To get the most up-to-date status of a specific bill, simply click on the bill number and you will be linked to the webpage of that bill.

Sales and Use Tax Proposed Legislation, including "Fair Tax" Bills  

Exempting CPAs from Private Investigator Regulation: MSCPA supports these bills

HB1779: Specifies that a certified public accountant licensed by any state who performs certain duties will not be deemed to be engaging in the practice of private investigation

HB2170: Changes the laws regarding the licensure of private investigators

SB1003: Modifies the requirements for private investigator licensing

Other bills that could affect you or your clients -- many of which are here for information only:

HB1225: Increases the Missouri dependency exemption from $1,200 to $1,500 for each qualified dependent claimed by a resident

HB1227: Increases the Missouri dependency exemption from $1,200 to $2,000 for each qualified dependent claimed by a resident

HB1513:  Authorizes a sales tax exemption on the utilities and all retail sales of certain tangible personal property and materials for facilities used by data storage centers and server farm facilities

HB1520: Increases the deduction for personal and dependency exemptions for income tax

SJR35: Limits general revenue appropriations and mandates state income tax rate reductions in certain situations

SB816: Modifies provisions of law allowing interest on overpayments of income tax

SB823: Exempts utilities, machinery, equipment used in data storage from state and local sales and use tax

SCS/SB 895, 813, 911, 924, 922 and 802: this is an omnibus economic development bill

SB1000: Transfers certain stated amounts from twenty-three funds to the state general revenue fund
MSCPA opposes this bill.

 

These legislative bills change frequently, so be sure to check back occasionally!

If you have questions or comments regarding legislation being monitored, contact Jim O'Hallaron at 800-264-7966 or email.