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MO HB1031

Bill

Official Source

Status

Introduced

4/2/2013

Primary Sponsor

Mark Parkinson

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Repeals and replaces section 143.071 of Missouri Revised Statutes regarding corporate income tax rates.

  • Maintains five percent corporate income tax on Missouri taxable income for tax years before September 1, 1993.

  • Maintains six and one-fourth percent corporate income tax on Missouri taxable income for tax years from September 1, 1993 through December 31, 2013.

  • Eliminates all corporate income tax on Missouri taxable income effective for tax years beginning January 1, 2014 and thereafter.

Legislative Description

Eliminates the corporate income tax imposed on Missouri businesses beginning in 2014

Last Action

Public Hearing Completed (H)

4/23/2013

Committee Referrals

Ways And Means4/18/2013

Full Bill Text

No bill text available