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Missouri limits sales-for-resale tax exemption

On March 17, 2020, the Missouri Supreme Court denied a sale-for-resale exemption for room furnishings sold to hotels.1 The Court’s 6-1 decision overturned several prior Missouri cases that had applied the use tax, rather than the sales tax, definition of a sale in order to permit use of this type of exemption.

Source: grantthornton.com

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