HCS HB 532 -- SALES AND USE TAX EXEMPTION FOR CERTAIN VEHICLES
(Spreng)

COMMITTEE OF ORIGIN:  Job Creation and Economic Development

This substitute exempts all motor vehicles assembled and sold in
Missouri from the state sales and use tax and specifies that
there is a rebuttable presumption that the raw materials used in
the primary manufacture of the motor vehicles contain at least
25% recovered materials.  Local sales and use taxes will continue
to be collected unless the locality decides to exempt them.

FISCAL NOTE:  Estimated Cost on General Revenue Fund of
$2,437,500 to Unknown in FY 2006, $3,250,000 to Unknown in FY
2007, and $1,625,000 to Unknown in FY 2008.  Estimated Cost on
Other State Funds of $4,062,500 to Unknown in FY 2006, $8,125,000
to Unknown in FY 2007, and $9,750,000 to Unknown in FY 2008.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:19 pm