Bill > HB2686

This bill amends Missouri law to provide a sales tax exemption for certain used tangible personal property. Specifically, it exempts from sales and use taxes any used tangible personal property purchased by a consumer for their own use, not for resale, when bought directly from a seller at a used property auction or from another consumer. This exemption applies to tangible personal property that has been sold at least once after its initial sale and has had sales tax levied on it, but it excludes motor vehicles, trailers, boats, and outboard motors that are required to be titled in Missouri. The bill also makes conforming changes to related sections of the law to ensure this new exemption is properly integrated.