Friday, April 06, 2007

Missouri transfers tax collection to Revenue Department

By Executive Order, Missouri Governor Matt Blunt has ordered the process of collecting surplus lines taxes be transferred from the Missouri Department of Insurance, Financial Institutions and Professional Registration to the Missouri Department of Revenue, effective August 28, 2007.

The Missouri Department of Revenue currently collects premium taxes remitted by insurance companies and also is the state's tax collection agency.

The Missouri State Government Review Commission had recommended this transfer in its November 2005 Report and Gov. Blunt had stated that the transfer of the collection of surplus lines taxes was a component of the Governor's Executive Branch Reorganization Plan of 2007.

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