Sale of Aircraft Parts and Accessories Used in Installation and Repairs Are Exempt in Missouri

Wednesday, February 15th, 2012

 
 
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Missouri
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The Missouri Department of Revenue has issued a letter ruling discussing the taxability of aircraft parts and accessories sold as part of installations and repairs (Mo. Ltr. Rul. No. LR 7002 (Dept. of Revenue Dec. 20, 2011)). The sale of materials, replacement parts, and equipment used directly in the "modification, replacement, repair, and maintenance of aircraft, aircraft power plants, and aircraft accessories," are specifically exempt from tax. This is true regardless of whether the charges for these services are separately stated on the customer's bill.


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TTR has a website that companies subscribe to and use daily. This website provides a list of everything that can be bought or sold in the U.S. It provides simple answers to whether buying or selling these items is taxable (subject to a sales tax or other tax), and it provides all the legal authority to support these tax answers.

TTR likes to keep things simple and fun, which is why it has great people who provide help to clients on any support questions they have about transaction tax issues.

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