MO HB2296

Requires publicly traded corporations, financial corporations, and corporations with 50+ full-time Missouri employees or over $10 million in U.S. sales to file annual tax disclosure statements with the Secretary of State.

Statement must include corporation name, federal industry classification, tax liability under Missouri tax chapters, property valuations, and apportionment factors for sales, payroll, and property within and outside Missouri.

Statement must disclose total taxable income apportioned to Missouri, federal taxable income, and the amount of each tax credit claimed by the corporation.

Statements are due March 15 following the fiscal year for which the statement is required, with first filing deadline of March 15, 2012 for fiscal year ending June 30, 2011.

Personal service corporations are exempt; statements are public records; Secretary of State shall develop oversight and penalty system and promulgate implementing rules.