Provides a sales tax exemption for certain used personal property

Summary

HB 1883 removes sections 144.030 and 144.615 of the Missouri Revised Statutes and replaces them with new language that exempts certain sales from state and local sales tax. The exemptions cover motor fuel, raw materials and chemicals used in crop production, manufacturing inputs, replacement parts for vehicles and equipment, and machinery for new or expanded plants. The bill aims to reduce tax costs for businesses that produce or process goods for final sale.

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