Missouri Laws 67.500 – Short title — definitions
Sections 67.500 to 67.545 are known and may be cited as the “County Sales Tax Act”, and the following words shall have the following meanings unless a different meaning clearly appears from the context:
(1) “County” shall mean all areas of all counties within the state of Missouri except cities not within a county and first class counties adjoining such cities;
Terms Used In Missouri Laws 67.500
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Property: includes real and personal property. See Missouri Laws 1.020
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
- voter: is used in the laws of this state it shall mean registered voter, or legal voter. See Missouri Laws 1.035
(2) “Director of revenue” shall mean the director of revenue of the state of Missouri;
(3) “Person” means an individual, corporation, partnership or other entity;
(4) “Sales tax revenue collected” shall mean the amount of sales tax revenue received by a county during the first six calendar months of any year multiplied by two;
(5) “Total property tax levy” shall include all those ad valorem taxes which counties have the authority to levy on all classes of property, except those ad valorem taxes originally requiring voter approval and those taxes levied to retire indebtedness, plus an allowance for ad valorem taxes which will be billed but not collected in that calendar year. The individual tax rates of these ad valorem taxes shall not exceed the amounts allowed to be levied without voter approval by the constitution and laws of this state unless the voters have approved that rate of levy.