Extends the expiration date for a sales tax exemption on aviation jet fuel in Missouri.
The bill extends the expiration date for a sales tax exemption on aviation jet fuel used by common carriers engaged in interstate air transportation of passengers and cargo. The exemption, which currently expires on December 31, 2043, will continue to apply to purchases and deliveries of aviation jet fuel after this date. The exemption allows common carriers to pay directly to the Department of Revenue any applicable sales and use taxes on aviation jet fuel up to a maximum aggregate amount of $1,500,000 in each calendar year.
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