Mo. Senate endorses tax exemption for older cars

Posted 11/7/19

JEFFERSON CITY, Mo. (AP) — Missouri senators have endorsed legislation that could make it cheaper to buy older cars. The bill given first-round approval Tuesday would exempt decade-old cars with a …

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Mo. Senate endorses tax exemption for older cars

Posted
JEFFERSON CITY, Mo. (AP) — Missouri senators have endorsed legislation that could make it cheaper to buy older cars. The bill given first-round approval Tuesday would exempt decade-old cars with a price under $15,000 from sales taxes on the titling of the motor vehicle. Under the measure, a 2004 model bought in 2014 would be exempt from state and local sales taxes. The measure is sponsored by Republican Sen. Mike Parson, of Bolivar (BAH'-luh-vur). Parson says vehicles in service for 10 years have already had taxes paid on them. The bill needs a second affirmative vote in the Senate before moving to the House. ___ Old cars is SB 693 Online: Legislature: http://www.moga.mo.gov
Mo. Senate endorses tax exemption for older cars

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