Warrenton, MO - Governor Matt Blunt signed SB 30 into law on Wednesday, June 13. The bill contains an exemption from state and local sales taxes for sales and leases made by cities through Chapter 100 arrangements. This measure was a MEDC legislative priority.
Also included in the bill is a state sales tax exemption for machinery, equipment, utilities, and chemicals used in manufacturing, mining, producing or processing products in Missouri. This exemption, also supported by the MEDC, will help Missouri compete with states such as Kansas that have liberal manufacturing exemptions for high quality, good paying manufacturing jobs.
You may find the full text of the bill here and a link to the bill page with summary information here. The MEDC exemptions are on pages 30-31, section 144.054 of the bill. The law will be effective August 28, 2007.
