MO HB1144

Repeals the provision in Missouri law that allowed agricultural purchasers to use grain or livestock they produced or raised as an allowance to offset sales and use tax liability when purchasing motor vehicles or trailers for agricultural use

Maintains existing trade-in allowance provisions where sales tax is calculated only on the difference between purchase price and trade-in value for motor vehicles, trailers, boats, and outboard motors

Preserves the 180-day window for private party sellers to apply the sale proceeds from their vehicle toward a subsequent vehicle purchase for tax calculation purposes

Retains manufacturer/seller rebate provisions that reduce the taxable purchase price by the rebate amount for motor vehicles, trailers, boats, and outboard motors