Please ensure Javascript is enabled for purposes of website accessibility
Home / News / Supreme Court narrows tax exemption for manufacturing

Supreme Court narrows tax exemption for manufacturing

The Missouri Supreme Court on Tuesday said credit card transactions are not a form of “manufacturing,” denying a tax break to a company and paring back a series of precedents that had used an “expansive interpretation” of the term. Missouri law grants a tax exemption for equipment and machinery used in the “manufacturing, processing, compounding, mining, ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*