Bill > HB493

This bill provides a sales tax exemption for used tangible personal property purchased at an auction, with some specific limitations. The bill modifies existing Missouri state tax law to create a new exemption for used personal property sales, specifically defining "used tangible personal property" as items on which sales or use tax has previously been imposed. The exemption explicitly excludes motor vehicles, trailers, boats, and outboard motors that are required to be titled under Missouri law. Additionally, the bill includes a provision that would require any existing agreements between a business and the state's executive branch regarding sales tax collection to be nullified unless specifically approved by a majority vote in both houses of the state legislature. The bill also introduces a new section providing a sales tax exemption for machinery and equipment used to provide broadband communications services, which will take effect on January 1, 2026. This exemption applies to a wide range of equipment used by broadband service providers, including wires, cables, antennas, switches, and other technological infrastructure necessary for providing internet and telecommunications services.