Missouri HB2686 provides a sales tax exemption for certain used tangible personal property.
HB2686 amends Missouri's sales tax law to exempt certain used tangible personal property from sales tax. This includes property sold at an auction or resold by a consumer, excluding motor vehicles, trailers, boats, or outboard motors. The bill defines "used tangible personal property" as items sold a second time or more after the initial sale at an auction. Exemptions apply to various items and services, including feed additives, pesticides, and materials used in manufacturing and processing.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.