Auto Dealers Fear Loss Revenue Loss after Missouri Supreme Court Decision

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JEFFERSON CITY–Would you like to avoid paying as much as $1,200 in local sales taxes on the purchase of a new $30,000 car?

You may be able to. Just cross the state line and buy it in Illinois.

That’s the pitch Illinois auto dealerships are making to Missouri residents in light of a Missouri Supreme Court decision and an election-year stalemate in Jefferson City. Buyers in some areas could save as much as 4 percent.

The ruling has exasperated Missouri auto dealers and municipal officials, particularly in border areas such as St. Louis, Kansas City, Cape Girardeau and Hannibal, who fear they’ll lose millions of dollars in vehicle sales and tax revenue.

Read more at St. Louis Post-Dispatch.

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