SECOND REGULAR SESSION
HOUSE BILL NO. 1164
92ND GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVES SMITH (118) (Sponsor), MORRIS, DIXON, CROWELL,
SCHLOTTACH, STEVENSON, SMITH (14), GOODMAN AND HOBBS (Co-sponsors).Read 1st time January 20, 2004, and copies ordered printed.
STEPHEN S. DAVIS, Chief Clerk
To amend chapter 137, RSMo, by adding thereto one new section relating to depreciable business personal property.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Chapter 137, RSMo, is amended by adding thereto one new section, to be known as section 137.096, to read as follows:
137.096. For all tax years beginning on or after January 1, 2004, the valuation of the depreciable tangible personal property of all businesses in this state shall be determined in the same manner as depreciation is determined as authorized in 26 U.S.C., Section 168, as amended, and any rules or regulations promulgated thereunder.