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MO HB36

Bill

Official Source

Status

Introduced

1/5/2011

Primary Sponsor

Michael Corcoran

Click for details

Origin

House of Representatives

2011 Regular Session

AI Summary

  • Repeals and replaces section 144.030, RSMo, relating to sales tax exemptions.

  • Expands the definition of "farm machinery and equipment" to include all-terrain vehicles (ATVs) as defined in section 301.010 when used exclusively for agricultural purposes.

  • Requires that ATVs claiming the farm machinery exemption must have a title stamped "For Farm Use Only" by the Missouri Department of Revenue.

  • The exemption applies to ATVs used exclusively for agricultural purposes on land owned or leased for producing farm products.

Legislative Description

Specifies that farm machinery and equipment as it relates to exemptions for sales tax will include certain all-terrain vehicles

Last Action

Voted Do Pass (H)

3/16/2011

Committee Referrals

Tax Reform1/27/2011

Full Bill Text

No bill text available