Authorizes a sales tax exemption for certain property sold at auction

Summary

SB 1096 repeals sections 144.030 and 144.615 and replaces them with new language that exempts from both state and local sales tax any tangible personal property sold a second or later time at an auction, with the exception of motor vehicles, trailers, boats, and outboard motors. The exemption would apply to all auction transactions across Missouri, affecting sellers, auction houses, and buyers. The bill did not pass; it stalled after a second reading and referral to the Senate Economic and Workforce Development Committee.

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