FIRST REGULAR SESSION
SENATE BILL NO. 47
90TH GENERAL ASSEMBLY
INTRODUCED BY SENATOR MAXWELL.
Pre-filed December 1, 1998, and 1,000 copies ordered printed.
TERRY L. SPIELER, Secretary.
S0356.01I
AN ACT
To repeal section 144.517, RSMo Supp. 1998, relating to sales and use taxation, and to enact in lieu thereof one new section relating to the same subject.
Section A. Section 144.517, RSMo Supp. 1998, is repealed and one new section enacted in lieu thereof, to be known as section 144.517, to read as follows:
144.517. In addition to the exemptions granted pursuant to section 144.030, there shall also be exempted from state sales and use taxes all sales of textbooks, as defined by section 170.051, RSMo, when such textbook is purchased [at a bookstore located on the premises of any postsecondary institution of higher learning for use] by a student who possesses proof of current enrollment at any public or private university, college or other postsecondary institution of higher learning offering a course of study leading to a degree in the liberal arts, humanities or sciences or in a professional, vocational or technical field. This exemption shall not apply to any locally imposed sales or use tax.