SB1096

Exempts certain property sold at auction from sales tax in Missouri.

This bill authorizes a sales tax exemption for specific types of property sold at auction in Missouri. It exempts used tangible personal property, excluding motor vehicles, trailers, boats, or outboard motors, when purchased by a consumer for personal use or consumption, not for resale. The exemption applies to property sold at an auction of used tangible personal property or from another consumer. The bill also includes provisions for determining domestic versus nondomestic use of services and property, and outlines conditions under which sales tax may be charged or refunded.