FIRST REGULAR SESSION
94TH GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVES STEVENSON (Sponsor) AND MUNZLINGER (Co-sponsor).
Pre-filed January 2, 2007 and copies ordered printed.
D. ADAM CRUMBLISS, Chief Clerk
AN ACT
To repeal section 143.071, RSMo, and to enact in lieu thereof one new section relating to corporate income tax rates.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Section 143.071, RSMo, is repealed and one new section enacted in lieu thereof, to be known as section 143.071, to read as follows:
143.071. [1. For all tax years beginning before September 1, 1993, a tax is hereby imposed upon the Missouri taxable income of corporations in an amount equal to five percent of Missouri taxable income.
2.] For all tax years beginning on or after September 1, 1993, and ending on or before August 31, 2007, a tax is hereby imposed upon the Missouri taxable income of corporations in an amount equal to six and one-fourth percent of Missouri taxable income. For the tax year beginning on September 1, 2007, the tax imposed upon the Missouri taxable income of corporations shall be equal to five percent of Missouri taxable income. For the tax year beginning on September 1, 2008, the tax imposed upon the Missouri taxable income of corporations shall be equal to three and three-fourths percent of Missouri taxable income. For the tax year beginning on September 1, 2009, the tax imposed upon the Missouri taxable income of corporations shall be equal to two and one-half percent of Missouri taxable income. For the tax year beginning on September 1, 2010, the tax imposed upon the Missouri taxable income of corporations shall be equal to one and one-fourth percent of Missouri taxable income. For all tax years beginning on or after September 1, 2011, no tax shall be imposed upon the Missouri taxable income of corporations.
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