SB 958 – Creates an exemption for sales of aircraft to nonresidents

• Sponsor: Nieves
• LR Number: 6283S.01P
• Committee: Ways and Means
• Last Action: 5/6/2014 - Hearing Scheduled But Not Heard H Ways and Means Committee
• Effective Date: August 28, 2014

Current Bill Summary

SB 958 - This act creates a sales and use tax exemption for aircraft sold to non-Missouri residents. To be eligible for the exemption, the aircraft cannot be based in the state and must be removed from the state within 10 days of the later of transfer of title or a return to service associated with a transfer of title.

This act is similar to a provision contained in SB 777 (2014).

MIKE HAMMANN