Chesterfield, MO – August 25, 2015 – Beginning this Friday, the State of Missouri will be a Flyaway State, allowing non-residents the opportunity to close aircraft transactions in Missouri without a sales tax liability. The Flyaway Exemption is part of House Bill 517 that was signed into law by Missouri Governor Jay Nixon on July 6, 2015 and becomes effective on August 28, 2015.
AVMATS was instrumental in bringing this issue to the State Legislature’s attention and getting the support for the exemption by providing education and information to the legislators. “It took a few years, but we were able to get a bill across the finish line,” said Justin Giessman, President of AVMATS. “The Flyaway Exemption levels the playing field with the surrounding states and provides Missouri businesses the opportunity to compete with states like Kansas, Illinois, and many others. With the Flyaway Exemption in place, aircraft buyers can come to Missouri for their pre-purchase evaluations, services, maintenance and modification work, and close the transaction without a tax liability or requirement to move the aircraft in order to close in a more tax friendly jurisdiction. Now Missouri is an ideal place to accomplish all of the above!”
AVMATS Jet Support specializes in the repair and maintenance of Citation, Challenger, Falcon, Gulfstream, Hawker, Learjet and Sabreliner aircraft. The Chesterfield, Missouri-based company also provides airframe and engine services, APU repair/overhaul, avionics installation, interiors, component repair/overhaul, and parts support for corporate aircraft.
For more information on these or any of the services that AVMATS provides, please visit our website at avmats.com or contact Jason Noll at (636) 532-2674.