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Audit: Missouri could better track sales tax exemptions

Wednesday, January 13, 2010 | 12:37 p.m. CST

JEFFERSON CITY — An audit says Missouri could do a better job of tracking how much tax revenue is lost because of sales tax exemptions.

Missouri has 131 exemptions applying to everything from food to medicine to utilities.

A report Wednesday by State Auditor Susan Montee recommends the Department of Revenue should track how much money is not collected because of each exemption and report that to lawmakers.

The department says tracking each exemption would require it to hire more personnel and reprogram its computers. The agency says there is no money budgeted for that.

The audit also notes Missouri is one of just 13 states that does not cap the amount of money businesses can keep for collecting and submitting sales taxes on a timely basis.

 


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