HB 1644 -- Tax Deduction for Corporate Federal Income Tax
Liability
Sponsor: Onder
Currently, a corporation is limited to a state income tax
deduction of 50% of its federal income tax less certain tax
credits. Beginning January 1, 2008, this bill allows full
deductibility from state income tax of all federal income tax
liability for corporations without a reduction for tax credits
claimed.
Copyright (c) Missouri House of Representatives
Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:10 pm