Governor Matt Blunt Signs AIM/TRIM Manufacturing Exemption

June 13, 2007 - Governor Matt Blunt today signed SB 30 containing the AIM/TRIM Manufacturing Inputs Exemption. The law will be effective August 28, 2007, and will exempt all utilities, machinery, equipment and chemicals used in manufacturing, production, processing or mining from state sales taxes.

“This is the most significant tax development regarding manufacturing that has been enacted in decades,” said Gary Marble, President of Associated Industries of Missouri. “This exemption should help us compete for good paying, high quality manufacturing jobs with other states and countries.”

Ray McCarty, Executive Director of the Taxpayers Research Institute of Missouri, echoed Marble’s comments. “This exemption was the top legislative priority of the Taxpayers Research Institute this year and we thank Governor Matt Blunt for his leadership in signing this landmark legislation into law."

The bill represents two years of hard work on the exemption by the Taxpayers Research Institute of Missouri.