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MO HB1306

Bill

Official Source

Status

Introduced

3/12/2015

Primary Sponsor

Don Gosen

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • New or used aircraft sold to bona fide non-residents of Missouri are exempt from state and local sales and use taxes, provided the aircraft will not be based in Missouri
  • Exempt aircraft must leave Missouri within ten business days after the later of: the title transfer date, or the return-to-service date following any maintenance, repairs, or modifications completed at the time of sale
  • Amends section 144.030 RSMo by adding subdivision (43) to the existing list of sales and use tax exemptions
  • Applies to both state sales tax and local sales tax jurisdictions throughout Missouri

Legislative Description

Creates an exemption for sales of aircraft to nonresidents

Last Action

Voted Do Pass (H)

4/28/2015

Committee Referrals

Ways And Means3/17/2015

Full Bill Text

No bill text available