Read 1st time January 18, 2000, and 1000 copies ordered printed.
ANNE C. WALKER, Chief Clerk
AN ACT
To repeal section 148.400, RSMo 1994, relating to taxation of financial institutions, and to enact in lieu thereof one new section relating to the same subject.
Section A. Section 148.400, RSMo 1994, is repealed and one new section enacted in lieu thereof, to be known as section 148.400, to read as follows:
148.400. All insurance companies or associations organized in or admitted to this state may deduct from premium taxes
payable to this state, in addition to all other credits allowed by law, income taxes, franchise taxes, personal property taxes,
valuation fees, registration fees and examination fees paid, including taxes and fees paid by the attorney in fact of a
reciprocal or interinsurance exchange to the extent attributable to the principal business as such attorney in fact, [under]
pursuant to any law of this state. The tax credit allowed by this section shall not be refundable, but may be carried
forward to any subsequent tax year.
Missouri House of Representatives