HB 432 -- Income Tax Exemption for Corporations

Sponsor:  Ervin

Beginning January 1, 2010, this bill authorizes a corporate
income tax exemption for corporations that do not receive funds
from any program administered by the Department of Economic
Development.  To be eligible for the exemption, the corporation
must annually file a request form with the Department of Revenue
indicating that the corporation is not receiving funds from a
Department of Economic Development program and will not receive
funds for five taxable years following the request.

The provisions of the bill will expire December 31 six years from
the effective date.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:24 am