MO HB221

Establishes the "Missouri Export Incentive Act" creating an air export tax credit for freight forwarders shipping cargo on qualifying outbound international flights from Missouri airports at 40 cents per chargeable kilo, beginning July 1, 2013

Limits total aggregate air export tax credits to $60 million, with annual issuance caps of $7.5 million per fiscal year unless the department authorizes higher amounts

Requires claiming freight forwarders to file applications within 120 calendar days of shipment with master airway bills as documentation, with credits to be issued within 20 business days of application filing

Allows unused tax credits to be carried forward up to six years, transferred, sold, or assigned, and passed through to partners or members of partnerships and LLCs pro rata

Sunsets the program eight years after effective date unless reauthorized by the general assembly, with no new credits authorized after June 30, 2021