Members Section
Your Views are Important
OOIDA Gear
OOIDA Tour Truck
| Legislative Watch | 
|
 |
Missouri |
 |
1/28/2003 - A proposal
by Gov. Bob Holden would end the sales tax exemption for common carriers
that buy new trucks, truck parts or pay for truck repairs, the Southeast
Missourian reported Jan. 28. The proposal is part of the governor's
plan to cut an expected $1 billion shortfall in the state's budget.
More than 13,000 new or used trucks or trailers received the tax exemption from Missouri during the first 10 months of last year. Ending the exemption for those and other trucks reportedly would raise just under $10 million.
Todd Iveson, deputy director of the state Division of Taxation, told the Missourian some trucking firms - for example, moving companies - would still have the exemption. But most would not.