HB1366--FUELTAXEXEMPTION
SPONSOR: Mayhew
Currently,motorfuelisexemptfromfueltax,andanexemptionand
refundmaybeclaimedbyataxpayerifthetaxhasbeenpaidandno
refundhasbeenpreviouslyissued.Theseexemptionsandrefunds
arecurrentlyissuedonafiscalyearbasis.
BeginningJanuary1,2024,exemptionsandrefundsshallbebasedon
thetaxyear.Toclaimanexemptionandrefund,apersonmayelect
toproceedinoneofthefollowingways:
(1)Forareceipt-basedexemptionandrefund,apersonshall
presentastatementcontainingawrittenverificationthatthe
claimismadeunderpenaltyofperjuryandthatstatesthetotal
fueltaxpaidintheapplicabletaxyearforeachvehicleforwhich
theexemptionandrefundisclaimed. Theclaimstatementmaybe
submittedelectronically andshallcontaininformationspecifiedin
thebill;or
(2)Forastandardrefund,atthetimeapersonfileshisorher
Missouriincometaxreturn,apersonmayselecttoclaimthe
exemptionandrefundappliedasanimmediaterefundorappliedasa
creditagainsttheperson'sMissouriincometaxliability. A
personclaimingastandardrefundshallnotbeentitledtoclaima
receipt-basedrefundforthesametaxyear.
Thestandardrefundshallbeallocatedasfollows:
(1)Forthe2023taxyear,$30;
(2)Forthe2024taxyear,$45;
(3)Forthe2025taxyear,$60;
(4)ForalltaxyearsbeginningonorafterJanuary1,2026,$75.
TheDepartmentofRevenueshallprovideaformfortaxpayersto
makecleartheirelectionofeitherareceipt-basedexemptionand
refundorastandardrefund.Theformshallbefiledwiththe
taxpayer'sMissouriincometaxreturnandrequirethatcertain
informationbedisclosed,asspecifiedinthebill.
Theexemptionandrefundshallbepaidoutoftheproceedsofthe
additionaltaxunderSubsection3ofSection142.803,RSMo.Ifthe
amountofrefundsclaimedinataxyearexceedsthetaxcollected
forthetaxyear,refundsshallbeallowedbasedontheorderin
whichtheyareclaimed.