(March 26, 2007) The Missouri House, led by sponsor Rep. Shannon Cooper (R-120, pictured at left), gave initial approval to HB 131, an exemption of all manufacturing inputs from sales and use taxes."This bill is the culmination of two years' hard work that has paid off, thanks to the strong leadership of Rep. Cooper and the willingness of leadership in the Missouri House to make this bill a priority," said Ray McCarty, Executive Director of the Taxpayers Research Institute. If the bill receives final approval of the House, it will move to the Senate for further consideration. "This bill will improve the ability of Missouri manufacturers to compete with manufacturers in other states and other countries and represents one of the biggest boosts to manufacturing we have seen in some time," said Gary Marble, President of Associated Industries of Missouri.
You may find more detailed information about the bill by clicking on the "Legislative Alerts" tab at the left and selecting HB 131.
