Senate Bill No. 182 Summary

• Imposes a 4% state sales tax on the titling of new and used motor vehicles, trailers, boats, and outboard motors, collected at the time of title application rather than at point of sale.

• Eliminates the Missouri use tax on motor vehicles and shifts taxation to the state sales tax system, with local sales taxes applied based on the purchaser's residence location at titling.

• Requires local jurisdictions without an existing local use tax to place a ballot measure between November 2014 and November 2016 asking voters whether to repeal local sales tax application to motor vehicle titling; failure to hold the election results in automatic repeal on March 1, 2017.

• Allows local jurisdictions that previously imposed a local use tax to continue collecting local sales tax on vehicle titling, with voter approval required for repeal through ballot initiative or petition.

• Declares the act an emergency measure due to lost local revenues and competitive disadvantages facing Missouri motor vehicle dealers compared to out-of-state dealers.