Missouri Minute: Amazon to implement Missouri sales tax; Greitens to reveal state budget next week

Here are today’s top business headlines from across Missouri:

Amazon to implement Missouri sales tax on Feb. 1

Online retailer Amazon will begin collecting sales tax in Missouri next month, as it does in dozens of other states. Items sold by Seattle-based Amazon.com and its subsidiaries already are subject to sales tax for merchandise shipped to more than 30 states. Amazon will also begin collecting sales tax on Feb. 1 in Mississippi, Rhode Island, South Dakota and Vermont, and in Wyoming in March. Read more

Greitens will unveil Missouri budget plan next week

Gov. Eric Greitens will announce his budget plan next week, potentially ending weeks of speculation about how he intends to grapple with an ongoing shortfall in tax revenue. Read more

Soft Surroundings planning biggest expansion to date

Creve Coeur-based luxury retailer Soft Surroundings is opening 17 new stores this year, with the first slated to open in March in Baton Rouge, Louisiana, the company announced Wednesday. Read more

Greitens forms special committee to audit tax credits

In the midst of a major budget crunch for the state of Missouri, Gov. Eric Greitens took to social media to promote his newest executive order, the formation of a new committee, the Governor’s Committee for Simple, Fair, and Low Taxes. The committee will investigate Missouri’s tax credit system by judging it against other states, assessing the impact of current tax credits, and possibly financing tax rate cuts to corresponding cuts to tax credit programs. Read more

Danforth Center announces Gates Foundation grant extension

The Donald Danforth Plant Science Center on Wednesday announced the extension of a Bill & Melinda Gates Foundation grant that aims to “expand and accelerate” breeding technology for improved varieties of sorghum, a crop grown worldwide that is especially critical as a food source in sub-Saharan Africa. Read more

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