Today, Governor Mike Parson announced a special session beginning September 9, 2019, that will run concurrently with veto session. The special session will focus on amending a state statute to allow the sales proceeds of more than one vehicle, trailer, boat, or outboard motor to be used as a credit against the sales tax owed on the purchase of another.
The Missouri Supreme Court recently clarified in Kehlenbrink v. Director of Revenue (SC 97287) that the sales proceeds of only one vehicle may be used as a credit against the sales tax owed on the purchase of a new vehicle.
The legislature may amend the state law during special session to allow for the sale of multiple vehicles to be used as a credit, in line with the Department of Revenue's prior practice and what consumers have come to expect.
“After reviewing the Court’s decision, we’ve decided to call a special session because it’s simply the right thing to do for the people of our state,” Governor Parson said. “The enforcement of this decision would create a financial burden on Missouri taxpayers and unnecessary government red tape that we can proactively prevent.”
“The Supreme Court’s recent decision in Kehlenbrink created a need to clarify an area of state law that has been historically unclear to the citizens of Missouri,” Acting Director of the Department of Revenue Ken Zellers said. “The special session presents an excellent opportunity to do just that.”
To view the special session proclamation, click here.
No comments:
Post a Comment