Bill > SB237

This bill modifies Missouri's sales tax exemption laws, primarily expanding and clarifying existing tax exemptions for various industries and activities. Specifically, the bill adds a definition for "recovered materials" and expands tax exemptions for manufacturing, processing, and production activities, including utilities, energy sources, chemicals, machinery, and equipment used in these processes. The bill introduces a new provision allowing political subdivisions to exempt certain transactions from local sales taxes, but only if approved by voter referendum. The legislation also maintains existing exemptions for utilities used in television or radio broadcasting, defense contracts, county and city sales, railroad infrastructure processing, and specific industrial activities like commercial laundries. Notably, the bill includes a time-limited exemption for sales and purchases related to constructing a nuclear security enterprise in a city with over 400,000 inhabitants spanning multiple counties, with this specific exemption set to expire on August 28, 2034. The bill aims to provide targeted tax relief for various economic sectors and infrastructure development, while giving local governments some flexibility in implementing sales tax exemptions.

Business and Industry

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=429