Exempts the retail sale of food from state sales and use tax, subject to a 3 year sunset provision

HB 1587 exempts most retail food sales from Missouri's state sales tax at a 1% rate until December 31, 2025, after which the exemption becomes permanent unless renewed. The bill specifies that "food" includes items redeemable with SNAP benefits (like groceries) but excludes restaurants and similar establishments where over 80% of sales are prepared food for immediate consumption. Revenue from the 1% rate during the transition period must fund school districts, and the exemption automatically expires three years after enactment unless the legislature reauthorizes it. If reauthorized, the exemption would then sunset 12 years after reauthorization.