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MO HB953
Bill
Status
3/30/2011
Primary Sponsor
John Cauthorn
Click for details
AI Summary
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Adds exemptions for accessories and upgrades to farm machinery and equipment from state and local sales and use taxes under section 144.030(2)(22)
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Exempts any freight charges on items that are already exempt from sales tax
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Exempts costs for fabrication labor in conjunction with the sale of tangible personal property that qualifies for exemption
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Applies exemptions to farm machinery, equipment, repair or replacement parts, rotary mowers used exclusively for agricultural purposes, and related supplies
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Modifies existing Missouri sales tax exemption statute (section 144.030, RSMo) by repealing and reenacting provisions related to agricultural equipment and materials
Legislative Description
Exempts the sale of any accessories and upgrades to farm machinery and equipment, freight charges on exempt items, and fabrication labor from the state and local sales and use taxes
Last Action
Public Hearing Completed (H)
4/14/2011