New Missouri Trucking Bills Prevent Excess Taxes

Missouri Trucking Tax Exemption 2012

Truck issues are a topic of conversation throughout the Missouri statehouse. Issues that are on the move include truck taxes, street access and weight limits.

The Senate Transportation Committee voted to advance a bill to the full Senate to expand a sales and use tax exemption for certain haulers. SB480 would also modify the definition of a common carrier.

Missouri law now exempts trucks and trailers used by common carriers from state and local sales and use taxes. An exemption is also made available for materials, replacements parts and equipment.

Sponsored by Senate Transportation Chairman Bill Stouffer, R-Napton, the bill would expand the tax exemptions to include motor carriers and trucks weighing at least 24,000 pounds or trailers used for transporting person or property, respectively.

Read more about the bill and the reasons why it may soon go to the Capitol floor at Land Line Magazine.