HB 1429 -- Sales and Use Tax Exemption for Electricity
Sponsor: Nolte
Currently, a manufacturer can receive an exemption from sales and
use tax for electricity used in the primary manufacture of a
product when the manufacturer proves that the total cost of
electricity used exceeds 10% of the total cost of production or
the raw materials used in the primary manufacture of a product
contain at least 25% recovered materials. This bill creates a
rebuttable presumption that the raw materials used in the primary
manufacture of automobiles contain at least 25% recovered
materials.
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Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:43 am