MO SB377

Sales and use tax exemption applies to new or used aircraft sold or delivered in Missouri to non-residents (individuals or out-of-state corporations) when the aircraft will not be based in Missouri

Aircraft must leave the state within 10 business days after the later of: title transfer to the non-resident buyer, or return to service following any maintenance, repairs, rebuilding, or alterations completed at the time of sale

Amends Section 144.030, RSMo, adding subdivision (43) to the existing list of sales and use tax exemptions

Exemption complies with federal aviation regulations (14 CFR 91.407) regarding aircraft return to service after maintenance work