SCS/SBs 731, 714, 715, 513, 691, 857, 887, 516, 667, 491, 654, 590 & 873.

This act contains the following provisions:

SECTION 135.313 - Authorizes a state income tax credit equal to 50% of the purchase price or manufacturing cost of the best available control technology equipment connected with the production of charcoal in Missouri.

SECTIONS 143.111 and 143.122 - Authorizes a state income tax deduction for school tuition, attendance fees, supplies, and transportation costs, up to a maximum of $2,500 for each dependent in grades nine through twelve. It applies to all taxable years beginning on or after January 1, 1999.

SECTION 143.161 - Increases the income tax dependency exemption deduction from the current $400 to $800 for all tax years beginning on or after January 1, 1999.

SECTION 143.171 - Increases the current corporate deduction for federal income taxes paid from 50% to 75%, and allows an income tax deduction for corporate payments for school tuition or attendance fees and direct expenses for students in grades nine through twelve, up to a maximum of $2,500 for each pupil. It applies to all tax years beginning on or after September 1, 1998.

SECTION 144.030 - Exempts the following items from sales and use tax: all feed for livestock or poultry, regardless of whether the livestock or poultry is to be sold ultimately in processed form or otherwise; materials and manufactured goods which become ingredient or component parts of glass products; replacement machinery and parts; materials and equipment used in producing newspapers; electrical energy used in a material recovery processing plant, if its cost exceeds 10% of the total cost of production or if the raw materials contain at least 25% recovered materials; electrodes which are used or consumed in manufacturing or processing and have a useful life of less than one year; lubricants used exclusively for farm machinery and equipment; certain assistive devices, such as wheelchairs, stairway lifts and braille writers, and sales of scooters, reading machines and other devices if they are purchased by or for persons with one or more physical or mental disabilities to enable them to function more independently; electrical energy or gas consumed in the manufacturing of cellular glass products; retreading or recapping equipment, supplies or materials; tire carcasses; uncured rubber; or retreaded or recapped tires sold to any business which retreads, recaps, or resells any retreaded or recapped tires; pesticides, including adjuvants for applying pesticides, or herbicides used in the production of crops, livestock or poultry; grain bins used for storage of grain for resale; dog food purchased by commercial breeders; machines and parts used in commercial, coin-operated amusement and vending businesses; tangible personal property used for research and development of prescription pharmaceuticals for humans or animals; and equipment purchased by a federally licensed commercial or public broadcast station.

SECTION 144.062 - Specifies that a tax-exempt entity which issues improper or unauthorized project exemption certificates is liable for the tax on the personal property and materials for that project.

SECTION 144.517 - Exempts from sales and use tax sales of textbooks purchased for use at any public or private university, college or institution of higher learning.

SECTION 144.805 - Allocates sales and use tax revenue from aviation jet fuel to the aviation trust fund.
RUSS HEMBREE

SA 5 TO SS/SCS/SB 731 et. al - EXEMPTS FROM SALES AND USE TAX SALES OF HOME RESPIRATORY EQUIPMENT AND ACCESSORIES, HOSPITAL BEDS AND ACCESSORIES AND AMBULATORY AIDS.