(May 3, 2007) Senate Bill 30, sponsored by Sen. Gary Nodler, began as a bill to address one sales tax issue for trucking companies and we certainly appreciate his willingness to use his bill as a vehicle to accomplish the AIM/TRIM Tax Committee’s top tax priority for 2007. The Conference Committee for SB 30 met today and decided to include the AIM/TRIM manufacturing inputs sales tax exemption in the final version of the bill. The final version must be approved by both the House and the Senate.
The exemption is for state sales tax only on all manufacturing inputs: utilities, machinery, equipment, and other chemicals and materials that are consumed or used in the manufacturing process. Several other exemptions were also included, most of which codify existing agreements with the Department of Revenue or resolve tax disputes in a way that makes the most sense for the state and taxpayers.
The Taxpayers Research Institute of Missouri thanks all legislators involved in this process and urges support for this bill that is of utmost importance to manufacturers.
