HB2072--MOTORFUELTAXEXEMPTION
SPONSOR: Mayhew
Thisbillcreatesthe"MotorFuelTaxFundof2021",intowhichthe
refundablerevenuecollectedundersubsection3ofSection142.803,
RSMowillbedeposited. AnymoneyintheFundnotrefundedtoa
motorfuelpurchaserwithintherequiredtimewillremaininthe
FundandbesubjecttoappropriationbytheGeneralAssemblyfor
roadandbridgeprojectsforstate-ownedinfrastructure (Section
142.803,RSMo).
BeginningOctober1,2024,thisbillauthorizesataxpayerto
donatethemotorfueltaxrefundtoatax-exemptnonprofitentity
byprovidingtheentitywithallrequireddocumentationanda
signedstatementindicatingthatthenonprofitisentitledtothe
taxpayer'srefund.Thenonprofitentitymustsubmitthe
documentationandstatement,alongwithproofofitstax-exempt
status,totheDirectorofRevenue. Thetaxpayeristhenentitled
tosubtractfromthetaxpayer'sMissouriadjustedgrossincomethe
amountoftherefunddonatedtothenonprofit(Sections142.815and
142.824).
Currently,motorfuelisexemptfromfueltax,andanexemptionand
refundmaybeclaimedbyataxpayerifthetaxhasbeenpaidandno
refundhasbeenpreviouslyissued.Theseexemptionsandrefunds
arecurrentlyissuedonafiscalyearbasis.
BeginningJanuary1,2025,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)Forthe2024taxyear,$30;
(2)Forthe2025taxyear,$45;
(3)Forthe2026taxyear,$60;
(4)ForalltaxyearsbeginningonorafterJanuary1,2027,$75.
TheDepartmentofRevenueshallprovideaformfortaxpayersto
makecleartheirelectionofeitherareceipt-basedexemptionand
refundorastandardrefund.Theformshallbefiledwiththe
taxpayer'sMissouriincometaxreturnandrequirethatcertain
informationbedisclosed,asspecifiedinthebill(Section
142.822).
Theexemptionandrefundshallbepaidoutoftheproceedsofthe
additionaltaxunderSubsection3ofSection142.803. Ifthe
amountofrefundsclaimedinataxyearexceedsthetaxcollected
forthetaxyear,refundsshallbeallowedbasedontheorderin
whichtheyareclaimed(Section142.822).
Currently,themotorfueltaxrebateunderSection142.822is
eligibleonlyforvehicleswithagrossweightof26,000poundsor
less.
Thisbillextendstheeligibilitytomotorfueldeliveredintoa
motorvehiclewithagrossweightover26,000poundsifthemotor
vehicleisownedbyacorporationlicensedinMissouriwithits
primaryheadquartersinthisstate,orownedbyasoleproprietor
whosehomeofficeislocatedinMissouri;providedthatthe
corporationorsoleproprietorsubmitsdocumentationthatany
exemptionandrefundclaimedisbasedsolelyonfueldeliveredinto
amotorvehiclewhileitwasoperatinginMissouri. Ifthevehicle
wasoperatedinmultiplestates,thesubmitteddocumentationmust
separatethefueldeliveredwhileoperatinginMissouriandthe
otherstates(Section142.822).
Currently,exemptionsandrefundsissuedforanyadditionaltaxon
motorfuelarebasedonafiscalyear.Beginninginfiscalyear
2025,theywillbebasedonthetaxyear.
ThisbillspecifiesthatclaimswillbefiledonorafterJanuary
15thbutnotlaterthanApril15thafterthecloseofthetaxyear
forwhichtheexemptionandrefundisclaimed(Sections142.822and
142.824).
ThisbillissimilartoHB1366,HB1370,HB1354,HB520,&HB519
(2023).