Missouri House Bill HB2654

Missouri 2022 Regular Session

• Introduced: 2/8/22
• Refer: 3/3/22
• Report Pass: 4/6/22
• Refer: 4/6/22

Caption

Allows purchasers of motor fuel to donate fuel purchase receipts to tax exempt organizations for refund claim purposes

Impact

The bill is expected to have a positive impact on non-profit and charitable organizations by providing them with a financial relief mechanism related to fuel expenses. This could enhance their operational capabilities, allowing them to allocate more resources toward their core missions rather than tax burdens. Furthermore, it seeks to foster a culture of philanthropy by encouraging individuals and businesses to support these organizations through the donation of fuel receipts, thereby promoting community engagement.

Summary

House Bill 2654 proposes a mechanism that allows purchasers of motor fuel to donate their fuel purchase receipts for the purposes of tax refund claims by tax-exempt organizations. The initiative aims to simplify the process for charitable organizations to receive refunds on fuel taxes they have paid, which can be a significant cost for these entities, especially those that conduct activities reliant on motor vehicle usage for their services.

Contention

While the bill appears to be beneficial for charitable organizations, there could be points of contention surrounding the administrative processes involved in managing the receipt donations and handling tax refund claims. This may raise concerns about the potential for abuse or complications in ensuring the proper handling of receipts. Additionally, some may question the effectiveness of this approach in terms of actual tax refund processes, whether it will significantly alleviate expenses for non-profits, and how it would be implemented within existing tax frameworks.