Governor Mike Parson Visits Greater St. Louis, Inc. to Sign “Wayfair Fix” Bill into Law
New law will help small businesses in St. Louis and on Main Streets across Missouri, while providing new tax relief for low-income families.
Photo by William Greenblatt
Pictured left-to-right: David Kemper, Commerce Bancshares, Inc.; Missouri Senator Andrew Koenig (R-15); State Representative Rasheen Aldridge (D-78); Gov. Mike Parson; Christine Page, Missouri American Water; Jason Hall, Greater St. Louis, Inc.; Martin Casas, Apotheosis Comics and Lounge.
Missouri Governor Mike Parson, legislative leaders, and small business owners gathered today at the offices of Greater St. Louis, Inc. for a ceremony at which Governor Parson signed into law “Wayfair Fix” legislation.
“I am proud to sign this legislation that will help small Missouri businesses more fairly compete with large, online retailers,” said Governor Parson. “This legislation brings fairness and establishes a 21st century tax code that benefits Missouri businesses rather than out-of-state retailers that don’t invest in our communities or employ our citizens.”
Currently, small businesses in Missouri are required to collect sales taxes every time a purchase is made while their out-of-state online competitors are not. This legislation fixes that unfairness.
“This will level the playing field for small businesses on Main Streets across the St. Louis region and the state of Missouri,” said Jason Hall, CEO of Greater St. Louis, Inc. “We were proud to have the Governor of Missouri here to sign this critical piece of economic development legislation into law.”
This bill was one of Greater St. Louis, Inc.’s top legislative priorities and aligns with the STL 2030 Jobs Plan recommendation to prioritize support for small and Main Street businesses. The legislation also includes income tax relief for low- and middle-income Missourians in the form of the Earned Income Tax Credit (EITC), a priority of Greater St. Louis, Inc. and the Ferguson Commission Report. This creates a policy-level change to support inclusive growth.
“In addition to its provision that helps Missouri small businesses, I am excited to see the implementation of a state Earned Income Tax Credit, which will increase take-home pay, reduce poverty, and improve outcomes in health and education,” said state Representative Rasheen Aldridge (St. Louis), who served as a member of the Ferguson Commission, which included the EITC as one of its calls to action in its landmark 2015 report. “Hundreds of thousands of Missouri families will benefit from this.”