Missouri Eliminates Repair Parts Tax

 - September 2, 2008, 6:42 AM

The governor of Missouri has signed a bill eliminating sales tax on aircraft repair parts, aligning the state with neighboring states having similar laws. Before passing the law, Missouri exempted aircraft used to carry people and property, but now the tax exemption applies to all materials, replacement parts and equipment used for modification, repair, replacement and maintenance of aircraft, powerplants and accessories from Jan. 1, 2009, to Jan. 1, 2015.