Missouri Moves To Recapture Car Tax
To fuel your love of cars,
visit the Autos section.
In Missouri, local governments could once again be able to collect sales taxes on cars bought outside the state under consideration in the Missouri Senate.
The Senate is expected to vote on a bill later this week to reverse a state Supreme Court decision that bars local governments from collecting sales taxes on out-state car sales.
Missouri Counties and municipalities have already lost a combined $43 million in revenue since the court’s decision.
Republican Senator Mike Kehoe, a former car dealer, is sponsoring the bill.
The measure would allow counties and cities to start collecting the sales tax, but would also require them to seek voter approval between November 2014 and November 2016.
– Bob Hamilton, KMOX News