MO SB742

Establishes the "Missouri Export Incentive Act" creating an air export tax credit of $0.40 per chargeable kilo for freight forwarders shipping cargo on qualifying outbound international flights from Missouri airports beginning July 1, 2014

Limits total aggregate tax credits to $60 million, with $3.6 million authorized for fiscal year 2014 and $8.057 million authorized for each subsequent fiscal year

Requires freight forwarders to apply for credits within 120 calendar days of shipment, with the department providing credits within 20 business days of application filing

Expires authorization of new credits on June 30, 2022, with the program automatically sunsetting eight years after enactment unless reauthorized by the general assembly

Adjusts annual credit amounts for fuel cost fluctuations and allows pass-through of credits to partners, members, or owners of freight forwarding entities