Gov. Parson applauds General Assembly’s Passage of HB 1

The Missouri Senate unanimously passed HB 1, which will allow the sales proceeds of more than one vehicle to be used as a credit against the sales tax owed on the purchase of a new vehicle.

The legislature’s passage of HB 1 will amend the law 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. Without this amendment, the law would limit Missourians in offsetting their tax liability, creating an unnecessary financial burden for taxpayers.

“On behalf of the Department of Revenue, I want to express our gratitude to Governor Parson for bringing this issue to the forefront and calling this special session,” Department of Revenue Acting Director Ken Zellers said. “Passage of HB 1 gives clarity to citizens as it was intended by the General Assembly, ensuring hardworking Missourians will continue to enjoy the benefits of tax savings associated with vehicle and titling transactions.”

“Enforcement of the ruling in my parents’ case would have far-reaching impacts, affecting not only my family but many other families across Missouri,” Scott Kehlenbrink said. “We greatly appreciate Governor Parson’s swift action in calling a special session to address and correct the issue.”

HB 1 will take effect 90 days after Governor Parson signs the legislation into law.