PURPOSE: To inform those local taxing authorities imposing a sales tax or cigarette tax including Group B cities and counties and those political subdivisions receiving distributions of the financial institution tax what information will be contained in the monthly Local Tax Management Report issued by the Department of Revenue and when the Report will be issued.

1. (1) The Local Tax Management Report (the Report) is a statistical summary of the management of local sales taxes, cigarette taxes and financial institution tax.

2. (2) The Report contains information about the following taxes:

   1. (A) Local sales tax including amounts paid under protest;
   2. (B) Cigarette tax;
   3. (C) Financial institution tax; and
   4. (D) Other taxes.

3. (3) For each of the taxes listed in section (2) the Report contains the following information:

   1. (A) Balance sheet prepared as of the last day of the month for which the distribution was made;
   2. (B) Statement of Collections and Disbursements for the month for which the distributions is made; and
   3. (C) Statement of Collections and Disbursements for the fiscal year to date of the Report.
4. (4) The information contained on the Report is for the entire state of Missouri and does not relate to any one taxing authority or political subdivision.
5. (5) Each local taxing authority imposing a sales tax or cigarette tax and those political subdivisions receiving funds generated by the financial institution tax will receive one (1) Report at the time of distributions.

AUTHORITY: section 32.057, RSMo 1986. Original rule filed April 1, 1987, effective July 11, 1987.