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Missouri governor signs bill to save car tax break

Trump threatens GM: Make Cruze in US or 'pay big border tax'
Posted at 6:19 AM, Sep 26, 2019
and last updated 2019-09-26 07:19:33-04

JEFFERSON CITY, Mo. (AP) — A Missouri tax break for trading-in multiple vehicles will continue now that Gov. Mike Parson has signed a bill preserving it.

Parson signed the bill Wednesday.

He had called a special legislative session earlier this month to save the tax break, which allows people and businesses to get a discounted sales tax on a new vehicle after trading-in multiple used cars, boats or other vehicles.

Missouri Supreme Court judges in June tossed out the discount for multiple trade-ins. Judges ruled the tax break only applies to one-to-one trade-ins.

Few, if any, people or businesses appear to have lost out on the tax break since the ruling. A spokeswoman for the Revenue Department has said the agency continued to allow sales tax discounts for multi-vehicle trade-ins as the department updated its rules.