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MO HB1535

Bill

Official Source

Status

Introduced

1/26/2012

Primary Sponsor

Eric Burlison

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Repeals and replaces section 144.817 of Missouri Revised Statutes to modify sales tax exemptions for donated property
  • Exempts from state and local sales tax purchases of tangible personal property donated to the state of Missouri within one year of purchase, including property converted into donated items
  • Exempts from state and local sales tax purchases of inventory items donated without charge to religious, charitable, or qualifying not-for-profit civic, social, service, or fraternal organizations
  • Requires donating organizations receiving inventory donations to provide the donor with the organization's sales tax exemption certificate

Legislative Description

Exempts from state sales and use taxes certain business donations of tangible personal property held as inventory given to a sales tax exempt organization

Last Action

Public Hearing Scheduled, Bill not Heard (H)

3/1/2012

Committee Referrals

Ways And Means2/23/2012

Full Bill Text

No bill text available