Older Cars May Be Tax Exempt Soon

| March 26, 2014 | 11:12 am
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If you are looking to purchase a used car that is more than ten years old, it may get cheaper to do so in the near future following the endorsement of legislation by Missouri Senators.

A bill has made it through first round approval that would exempt decade-old vehicles, with a price less than $15,000, from sales taxes on titling of a motor vehicle.

The bill still needs secondary approval however before moving to the House.

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