HB 458 -- Franchise Tax Rates and Financial Institution Tax
Credits

Sponsor:  Sutherland

This bill changes the annual franchise tax rates and income
threshold amounts for corporations beginning with tax year 2008.
By tax year 2012, the tax rate will be zero.

The tax credit for financial institution taxes paid is also
changed beginning with tax year 2008.  By tax year 2012, the
annual tax credit will equal 1/20 of 1% of the financial
institution's outstanding share and surplus employed in Missouri
if the outstanding shares exceed $1 million.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:19 am