Missouri compliance at a glance
- Sales tax: 4.23% state rate. State 4.225%; combined 7-10% in metros.
- Late fees: Up to 1.5% per month. (Mo. Rev. Stat. 搂408.020) Default 9%/yr; contract rates up to 10%/yr without licensing.
- Prompt-pay law: Missouri Prompt Payment Act (Mo. Rev. Stat. 搂34.057 for state; 搂431.180 for construction). State: 30 days from invoice. Construction subs paid within 15 days of GC receiving payment; 1.5% per month interest.