The State of Missouri has instituted House Bill 600, 2003, which per the Department of Revenue, requires all persons holding a Missouri professional license who physically transact business within the state of Missouri to pay Missouri state income taxes based upon revenues they have generated from such transactions. The new House Bill calls for the revocation of a license, including insurance producer licenses, if Missouri income tax pay requirements are not met. Beginning immediately, the Missouri Department of Revenue will notify the Missouri Insurance Department of delinquent Missouri state tax payers.

While the tax may not apply to all Missouri License holders, all license holders (regardless of physical location) will receive a form from the Missouri Department of Revenue entitled Request for Tax Return - Individual Income which must be completed and returned to the Division of Taxation and Collection offices. Please note that pursuant to Missouri HB 600, 2003, you must respond to this notice to avoid revocation of your professional license. To the extent a producer believes he/she is not required to file a Missouri Tax Return - Individual Income, the producer must write an explanation on the reverse side of the notice and return it to the Division of Taxation and Collection by the stated due date. Failure to respond can result in the producer's license being revoked for failure to file by operation of law (HB 600, 2003).

To the extent taxes are due and have not been paid, within 60 to 90 days of the producer license renewal date, the producer will receive notification of non-compliance of tax payments. The producer will then have 90 days to amend the tax issue and send proof to the Missouri Insurance Department. If the tax issue is not satisfied, the producer will receive notification of license revocation, effective immediately. A revoked license for tax non-payment can only be re-instated with proof of tax compliance.

Producers who receive notification of non-compliant tax status should contact the Missouri Department of Revenue at (573) 751-7200. Do not call the Department of Insurance. Assistance can only be provided by the Department of Revenue.