FIRST REGULAR SESSION
HOUSE COMMITTEE SUBSTITUTE FOR
SENATE BILL NO. 33
90TH GENERAL ASSEMBLY
Reported from the Committee on Education - Higher, April 20, 1999, with recommendation that the House Committee Substitute for Senate Bill No. 33 Do Pass.
ANNE C. WALKER, Chief Clerk
AN ACT
To repeal section 144.517, RSMo Supp. 1998, relating to sales and use taxation on college textbook sales, and to enact in lieu thereof one new section relating to the same subject.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Section 144.517, RSMo Supp. 1998, is repealed and one new section enacted in lieu thereof, to be known as section 144.517, to read as follows:
144.517. In addition to the exemptions granted pursuant to section 144.030, there shall also be exempted from state sales and use taxes all sales of textbooks, as defined by section 170.051, RSMo, when such textbook is purchased [at a bookstore located on the premises of any postsecondary institution of higher learning for use] by a student who possesses proof of current enrollment at any Missouri public or private university, college or other postsecondary institution of higher learning offering a course of study leading to a degree in the liberal arts, humanities or sciences or in a professional, vocational or technical field, provided that the institution shall issue a list of approved required textbooks for the student to provide to said bookstore as proof that such book is considered a textbook by that institution. This exemption shall not apply to any locally imposed sales or use tax.