MO HB201

Repeals and replaces section 137.1018 to establish the "Missouri Export Incentive Act" providing air export tax credits for freight forwarders.

Freight forwarders designated as agents on airway bills receive tax credits of 40 cents per chargeable kilo for shipments on qualifying direct international aircraft flights, with credits indexed annually to fuel costs.

Air export tax credit applications must be filed within 120 days of shipment with master airway bill documentation, and credits must be issued within 20 business days.

Total aggregate air export tax credits cannot exceed $60 million, with annual issuance capped at $7.5 million per fiscal year beginning July 1, 2013, and no new credits authorized after June 30, 2021.

Freight line companies receive property tax credits for eligible expenses incurred to manufacture, maintain, or improve qualified rolling stock, with the program expiring August 28, 2020, and related provisions terminating September 1, 2021.