MO HB3308

Equipment and materials purchased by contractors or subcontractors for developing and constructing public improvements and public facilities are exempted from state and local sales tax when those improvements will be owned by the federal government, state, county, municipality, or other political subdivision under approved development plans.

The exemption applies to both the state sales tax and local sales taxes as defined in section 32.085.

The bill amends section 144.054, RSMo, which already contains various manufacturing, processing, defense contract, and utility-related sales tax exemptions.

This new exemption is added as subsection 7 to the existing sales tax exemption statute.