SB 0640 Extends Sales Tax Exemption on Aviation Jet Fuel
LR Number:S2500.02T Fiscal Note:2500-02
Committee:Ways and Means
Last Action:06/20/96 - Signed by Governor
Title:SCS/SB 640
Effective Date:August 28, 1996
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Current Bill Summary

SCS/SB 640 - At the present time the sales and use tax exemption on aviation jet fuel will expire on December 31, 1996. This act extends the date until December 31, 2001.

Current law sets a use tax on sales of jet fuel at Missouri airports, with an exemption for airports eligible for federal grants and a December 1996 termination date. This act exempts such airports from any sales or use tax adopted after December 30, 1987.