HB 2461 -- Corporate Franchise Tax

Sponsor:  Sutherland

This bill authorizes a gradual reduction in the corporate
franchise tax rate from 1/30 of 1% for 2009 to 1/50 of 1% for
2010, 1/70 of 1% for 2011, 1/90 of 1% for 2012, and no corporate
franchise tax for 2013 and thereafter.  The outstanding shares
and surplus threshold amount is increased from $1 million to $10
million, beginning January 1, 2009, for any corporation that
offers health insurance to all full-time employees, pays at least
50% of the premiums, and attaches an affidavit as prescribed by
the Department of Revenue affirming those facts to its annual
report.

Missouri House of Representatives
94th General Assembly, 2nd Regular Session
Last Updated October 15, 2008 at 3:12 pm