Thu10302014

Last updateThu, 30 Oct 2014 8am

Legislation would impose a $200 million sales tax increase on Missourians who need prescription drugs

Provision in House Bill 253 passed by the General Assembly would eliminate long-standing sales tax exemption on prescription medication
JEFFERSON CITY – House Bill 253, passed by the General Assembly earlier this month, would increase taxes on Missourians who take prescription medication if it becomes law, Gov. Jay Nixon said today.  An initial review has determined that the bill would eliminate the current sales tax exemption on prescription drugs and result in an estimated tax increase of $200 million annually, the Governor said.

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