Missouri Sales Tax

[MarvBear]

Information from NADA Title & Registration Textbook 2004

 

Missouri Sales or Use Tax Applicable to Registration

 

A 4.225% sales/use tax will apply to vehicles purchased. The tax is computed only on that portion of the purchase price in excess of the actual allowance made for the article TRADED IN OR EXCHANGED, provided there is a Bill of Sale or other record showing the actual allowance made for the article traded in or exchanged. Where the trade-in or exchange allowance exceeds the purchase price of the purchased article, there shall be no sales or use tax owed. When a customer receives two vehicle from dealer for one vehicle on an even trade, and no money changes hands, properly executed Bills of Sale must be presented for all vehicle involved in the even trade. No tax is assessed when an applicant submits his/her application for title and registration. CREDIT is allowed for tax already paid in another state. NEW RESIDENT EXEMPT from tax if vehicle titled and registered in another state 90 days prior to arriving in Missouri. If the vehicle has not been owned/registered for at least 90 days, proof of tax paid and the amount paid must be presented at the time of application for title. If the amount of tax is equal to or exceeds the amount that is collected by the state of Missouri, no additional tax is due. If the amount collected is less than the tax imposed by the State of Missouri, the difference is due. MILITARY PERSONNEL ARE NOT EXEMPT. The PURCHASER of a motor vehicle pays state sales/use and local tax to the Department of Revenue. According to Missouri law, when a change of ownership is involved, all taxes are due on the purchase price of a motor vehicle or net price if there is a trade-in. The Department of Revenue collects state sales tax at the rate of 4.225%. The Department of Revenue collects local tax when the address of an individual is within the boundaries of a local jurisdiction imposing such tax. A transportation tax, county sales tax and city sales tax will be computed on the purchase price if the purchaser resides in a taxing jurisdiction. NOTE: Rebates issued by the seller or manufacturer are not taxable. For question regarding other EXEMPTIONS and requirements, contact your local Motor Vehicle Office or call (573) 751-4509.