HCS/HBs 493 & 635 - This act modifies provisions relating to sales tax exemptions.USED PERSONAL PROPERTY EXEMPTION
This act authorizes a state and local sales tax exemption for sales of used tangible personal property, as defined in the act, excluding motor vehicles, trailers, boats, or outboard motors. (Sections 144.030 and 144.615)
These provisions are identical to provisions in HCS/HB 149 (2025), and are substantially similar to SCS/SB 245 (2025) and to provisions in HB 1029 (2025) and HCS/HB 1427 (2024).
BROADBAND EQUIPMENT EXEMPTION
For all tax years beginning on or after January 1, 2026, this act authorizes a state and local sales tax exemption for machinery and equipment used to provide broadband communications service by a broadband communications service provider, as such terms are defined in the act. (Section 144.812)
This provision identical to a provision in HCS/HB 149 (2025), and is substantially similar to SB 185 (2025), HB 743 (2025), and HB 2168 (2024), and to a provision in SS#2/HCS/HBs 594 & 508 (2025).
JOSH NORBERG