(Download) "State Ex Rel. Amf Incorporated v. James R." by Supreme Court of Missouri " eBook PDF Kindle ePub Free
eBook details
- Title: State Ex Rel. Amf Incorporated v. James R.
- Author : Supreme Court of Missouri
- Release Date : January 16, 1974
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 65 KB
Description
Appeal from judgment that rentals from relator's machinery and equipment used in recapping and retreading of tires are not
exempt from Missouri Sales Tax under the exemption provided by Section 144.030.3(4), RSMo. 1969. Section 144.030.3(4), supra, provides an exemption from sales tax for "Machinery and equipment purchased and used to establish
new or to expand existing manufacturing, mining, or fabricating plants * * * if such machinery is used directly in manufacturing,
mining or fabricating a product which is intended to be sold ultimately for final use or consumption." The exemption, where
applicable, applies also to "leased" as well as to "purchased" machinery and equipment. Section 144.020.1(8), RSMo. 1969.