MO HB2686

Used tangible personal property purchased by consumers at auctions or from other consumers would be exempt from state and local sales and use taxes when bought for personal use rather than resale

The exemption applies to items sold a second time or more at auction after the initial sale where sales tax was already collected

Motor vehicles, trailers, boats, and outboard motors requiring Missouri titles are explicitly excluded from the exemption and remain subject to sales tax

Amends sections 144.030 and 144.615 of Missouri Revised Statutes governing sales tax exemptions and use tax exemptions

Introduced by Representative Knight during the Second Regular Session of the 103rd General Assembly