Section 6 Credits and Rebates

• Library: Tax Law 2009

Section 144.025, RSMo Supp. 2007, allows credits for trade-ins and sales within 180 days of replacement of trailers, boats, and outboard motors. A credit is allowed if:

the seller purchases or contracts to purchase a subsequent motor vehicle, trailer, boat, or outboard motor within one hundred eighty days before or after the date of the sale of the original article and a bill of sale showing the paid sale price is presented to the department of revenue at the time of licensing. A copy of the bill of sale...