☰ Revisor of Missouri

Title X TAXATION AND REVENUE

Chapter 135

< > Effective - 07 Jul 2003, see footnote    bottom

  135.277.  Taxable income of retained business facility exempt from income taxation, amount. — The provisions of chapter 143 notwithstanding, one-half of the Missouri taxable income attributed to an approved retained business facility that is earned by a taxpayer operating the approved retained business facility may be exempt from taxation under chapter 143.  That portion of income attributed to the retained business facility shall be determined in a manner prescribed in paragraph (b) of subdivision (9) of section 135.276, except that compensation paid to truck drivers, rail, or barge vehicle operators shall be excluded from the fraction.

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(L. 2003 H.B. 289 merged with S.B. 620)

Effective 6-18-03 (S.B. 620); 7-07-03 (H.B. 289)

Contingent expiration date, see § 135.284


---- end of effective  07 Jul 2003 ----

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