Missouri Revised Statutes













Chapter 150

Merchants', Manufacturers', Itinerant Vendors' and Peddlers' Licenses and Taxes

←150.035

Section 150.040.1

150.050→

August 28, 2015

Tax, computed how--exemptions.

150.040. Merchants shall pay an ad valorem tax equal to that which is

levied upon real estate on the amount of all goods, wares and merchandise,

except for grain and other agricultural crops in an unmanufactured condition,

as defined in section 137.010, which are subject to assessment, valuation, and

taxation under subsection 3 of section 137.115, which they may have in their

possession or under their control, whether owned by them or consigned to them

for sale, on January first of each year; provided, that no commission

merchant shall be required to pay any tax on any unmanufactured article, the

growth or produce of this or any other state, which may have been consigned

for sale, and in which he has no ownership or interest other than his

commission.



(RSMo 1939 § 11305, A.L. 1945 p. 1838, A.L. 1976 S.B.

828, A.L. 1979 S.B. 425, A.L. 1981 S.B. 13)



Prior revisions: 1929 § 10077; 1919 § 13067; 1909 § 11619



Effective 1-1-82







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