Bill > SB1096

This bill authorizes a sales tax exemption for used tangible personal property purchased by a consumer directly from a seller at an auction or from another consumer. The exemption applies specifically to items sold a second time or subsequently at auction, and explicitly excludes motor vehicles, trailers, boats, and outboard motors that are required to be titled in Missouri. The bill amends existing sales tax laws to add this new exemption to both the sales tax provisions (Section 144.030) and the use tax provisions (Section 144.615), effectively eliminating sales tax on qualifying used personal property transactions at auction. This change aims to provide tax relief for consumers purchasing used items through auction sales, while maintaining tax requirements for vehicles and other titled property. The bill specifies that the exemption is for items purchased for personal use and consumption, not for resale, and only applies to transactions where the property is sold at auction or directly between consumers.

Labor and Employment

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=427