MO HB1122

Creates a tax credit of 40 cents per chargeable kilo for freight forwarders shipping cargo on direct international outbound flights from city-owned Missouri airports

Caps total tax credits at $60 million aggregate, with annual limits of $3.6 million for fiscal year 2015 and $8,057,000 for subsequent years

Requires freight forwarders to apply within 120 days of shipment, with tax credits issued within 20 business days of application

Tax credit amounts will be indexed annually based on fluctuations in over-the-road transportation fuel costs

Program sunsets 8 years after effective date, with no new tax credits authorized after June 30, 2023