HB 2381 -- Income Tax Deduction for Banks for Interest Earned on
Certain Loans

Sponsor:  Cunningham

Beginning January 1, 2010, this bill authorizes an income tax
deduction for a bank or lending institution for the amount of
income tax due on any taxable interest received from a loan made
to an individual or entity located within an enterprise zone.
The deduction will be 100% of the amount of the taxable interest
realized on the loan.

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

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:13 pm