Prop U Could Bring $2M Annually to Maryland Heights
Prop U, the proposed Use Tax, will be on the November 8 ballot and will allow voters in Maryland Heights to decide whether the City should receive the same tax of one-half cent (the city’s local sales tax rate) that is already being collected, but not distributed to the City. Some exceptions would apply such as small businesses that make under $100,000 in sales and items purchased for resale. Maryland Heights could potentially receive up to $2,000,000 in tax revenue if Prop U passes. This revenue would be used to continue the same vital services and amenities for residents such as infrastructure improvements, free solid waste services and utility tax rebates.
If Prop U passes, it is important to note that you would never pay the Use Tax AND a Sales Tax. You would only pay one or the other. This tax would apply to out-of-state purchases from both residents and commercial businesses within Maryland Heights. Additionally, nearly 230 other Missouri cities have approved a Use Tax for their municipalities.
Contact MHLife@marylandheights.com for more information and remember to get out and vote on Tuesday, November 8.