MO HB397

Amends Missouri's local sales tax exemption law (Section 144.030) to include "any titled manufacturing or mining equipment" in the exemption for machinery and equipment purchased to establish new or expand existing manufacturing, mining, or fabricating plants in the state.

Exempts titled manufacturing and mining equipment from both state and local sales and use taxes when purchased for use directly in manufacturing, mining, or fabricating products intended for final sale or consumption.

Applies to machinery, equipment, parts, and materials required solely for installation or construction of such manufacturing and mining equipment at new or expanded plants.

The exemption follows existing requirements that equipment must be used directly in manufacturing, mining, or fabricating operations and that resulting products must be intended for ultimate sale or consumption.