Sales Tax

Appropriate state, county, city and mass transportation tax must be collected on all taxable sales. Additional information about sales tax and the amount of tax to be collected is available at Sales Tax Rates.

Sales Tax

Appropriate state, county, city and mass transportation tax must be collected on all taxable sales using the table located under Tax Issues at the Web site above.

Non-Taxable Revenue

Sales tax is not to be collected on the following:

• Sales for resale (retailers must be licensed in Missouri and have an exemption certificate, which the University must have on file).
• Sales to government, religious, educational institutions (the University must have documentation on file of the entity's tax exempt status.
• Sales of tax exempt feed, seed or fertilizer.
• Labor or service charges when separately billed (e.g., stenographic services, Medicare reimbursement, veterinary clinic, reactor services).
• Animal sales.
• Educational fees, use and service fees, room and board when part of a room contract, damages, social and fishing fees, rent, parking, keys, etc.
• Sales of advertising on television, radio and in newspapers.
• Sales of scrap and miscellaneous occasional sales.
• Special services, computer engineering and evaluation projects.
• Sale of hay, cotton, soybeans, corn, etc.
• Gift and grants.
• Refunds.
• Sales of prescription drugs, insulin and prosthetic or orthopedic devices.
• Investments - return of principal to fund.
• Other (e.g., postage charged on exports).

Sales Exempt From State Sales Tax

Sales of certain food items and sales of textbooks by a bookstore on University premises are exempt from the state portion of the sales tax.

Collecting Sales Tax

Sales tax collected must be identified and set forth separately on cash register receipt, sales slip, credit card sales slip, or invoice.

Tickets

All tickets subject to sales tax must have "This ticket is subject to [applicable %] sales tax" printed, stamped or otherwise endorsed thereon. (See also 1:035).

Refunding Sales Tax Collected

All refunds made on taxable sales items must include the amount of sales tax collected.

Reporting and Paying Sales Tax

All sales tax collected must be reported as income on through the applicable billing system or on a Cash Receipts Report (2:060) using a taxable PeopleSoft account.

Monthly, UM System Accounting computes the amount of sales tax due from each department, based on the previous month's taxable deposits. That amount will be charged back on an automated journal entry prepared and processed by UM System Accounting, reducing the department's income. UM System Accounting is responsible for preparing and submitting sales reports and payments to the Department of Revenue.