Mo. Supreme Court limits tax exemptions for construction

3 years 4 months 6 days ago Tuesday, January 13 2015 Jan 13, 2015 Tuesday, January 13, 2015 5:16:03 PM CST January 13, 2015 in News
By: The Associated Press

JEFFERSON CITY (AP) - The Missouri Supreme Court is limiting the sales tax exemptions for items used for construction.

In three separate cases Tuesday, the high court barred businesses from claiming sales tax breaks on cranes, asphalt and steel beams used in constructing buildings and paving roads.

Business groups quickly vowed to pursue legislation that would effectively reverse those rulings.

Tracy King is the vice president of government affairs at the Missouri Chamber of Commerce and Industry. She says she will be working with others to craft a bill as soon as next week.

King contends that the Supreme Court has misinterpreted the Legislature's intent and that the rulings incorrectly limit the types of manufacturing that should qualify for a sales tax exemption.

 

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