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SB 777 - Currently, there is a sales and use tax exemption for replacement parts and equipment used on aircraft. This exemption is set to expire January 1, 2015. This act extends the exemption indefinitely. The act also create 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. MIKE HAMMANN
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