© 2024 University of Missouri - KBIA
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Bill could exempt sales tax on cars at least 10 years old

amslerPIX
/
Flickr

Buying an older car could become more economical in Missouri.

A state senator filed a bill Thursday that would exempt decade-old cars from sales taxes on the titling of the motor vehicle. Under the bill, a 2004 model bought in 2014 would be exempted from sales taxes.

The measure is sponsored by Republican Sen. Mike Parson, of Bolivar. He says that some people can't afford new cars, and that vehicles in service for 10 years have already had taxes paid on them. It has not yet been referred to a Senate committee.

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.