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MO HB1866

Bill

Official Source

Status

Introduced

2/29/2012

Primary Sponsor

Scott Largent

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Repeals and reenacts section 144.020, RSMo, relating to sales tax rates on retail sales in Missouri
  • Exempts from sales tax the receipt of a motor vehicle as a prize in fishing or golfing tournaments, provided the recipient transfers title to a purchaser within seven days
  • Requires the purchaser of the tournament prize motor vehicle to pay the standard 4 percent sales tax on the purchase
  • Maintains the existing 4 percent sales tax rate on all other retail sales of tangible personal property, including motor vehicles, trailers, motorcycles, boats, and outboard motors

Legislative Description

Exempts the sales tax on the receipt of a motor vehicle as a fishing or golfing tournament prize if the winner of the vehicle transfers the vehicle title within seven days and the purchaser pays the sales tax

Last Action

Referred: Ways and Means (H)

4/18/2012

Committee Referrals

Ways And Means4/18/2012

Full Bill Text

No bill text available