September 23, 2019 •
Missouri General Assembly Passes Vehicle Sales Bill During Special Session
Missouri Capitol Building
Lawmakers officially passed a legislative fix to an issue regarding vehicle sales during Gov. Mike Parson’s special session. The session took place from September 9 to September 16, 2019. Currently, the value of one previously owned motor vehicle, trailer, boat, […]
Lawmakers officially passed a legislative fix to an issue regarding vehicle sales during Gov. Mike Parson’s special session.
The session took place from September 9 to September 16, 2019.
Currently, the value of one previously owned motor vehicle, trailer, boat, or outboard motor may be used as a deduction against the sales tax owed on the purchase of any such vehicle within 180 days before or after a taxpayer sells a previously owned vehicle.
House Bill 1 expands the deduction to include the values of one or more previously owned motor vehicles, trailers, boats, or outboard motors.
Parsons stated if he hadn’t called lawmakers to Jefferson City, thousands of people would have suffered financial loss.
The bill will take effect 90 days after receiving Gov. Parson’s signature.
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