MO HB1431

Repeals section 144.805 and enacts two new sections: section 94.1050 (transient guest tax) and revised section 144.805 (aviation jet fuel sales tax exemption).

Authorizes home rule cities with 108,000-116,000 inhabitants to impose a tax of up to 3 percent per occupied room per night on hotel and motel guests, with revenue dedicated to regional airport improvements and economic development, subject to voter approval.

Extends the expiration date of the aviation jet fuel sales tax exemption for common carriers engaged in interstate air transportation from December 31, 2013 to December 31, 2023.

Maintains the existing $1.5 million annual aggregate limit on state sales and use tax exemptions for aviation jet fuel purchased by qualifying common carriers.

Requires voter approval before implementing the transient guest tax and permits voters to repeal the tax through subsequent elections or petition-initiated referendums.