Bill > HB321

This bill modifies Missouri's sales tax law by expanding and clarifying various tax exemptions for specific industries and activities. The bill defines several technical terms, including "nuclear security enterprise" and "processing", and creates multiple new sales tax exemptions. Key provisions include exempting electrical energy, gas, water, coal, and other energy sources, chemicals, machinery, and materials used in manufacturing, processing, mining, or producing products, as well as materials used in research and development. The bill specifically exempts utilities, machinery, and equipment used in television or radio broadcasting, and removes local sales tax applicability for certain transactions related to defense contracts, county/city sales, and railroad infrastructure. The bill also provides tax exemptions for commercial laundry facilities processing large textile volumes, and creates a specific exemption for constructing nuclear security enterprise facilities in cities with over 400,000 inhabitants. Notably, the bill clarifies that some exemptions will not apply to local sales taxes, and includes a sunset provision for the nuclear security enterprise exemption, which will expire on August 28, 2034.

Government Affairs

https://house.mo.gov/Bill.aspx?bill=HB321&year=2025&code=R