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MO HB1174
Bill
Status
4/22/2014
Primary Sponsor
Paul Curtman
Click for details
AI Summary
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Adds a deduction for capital gains income from the exchange of gold or silver to Missouri taxable income calculations under section 143.111.
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Replaces previous silver coin legal tender provisions in section 408.010 with new regulations for nonbank depositories that store federal gold and silver.
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Requires nonbank depositories to obtain written authority from depositors for all transactions and establishes London PM fix as the method for determining gold and silver value.
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Restricts disclosure, search, or seizure of monetary holdings in nonbank depositories to cases with judicial warrant, probable cause, and execution by county sheriff.
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Changes employer withholding return thresholds from twenty dollars to one hundred dollars for annual filing requirements under section 143.221.
Legislative Description
Specifies that certain capital gains income from the exchange of gold and silver is exempt from Missouri adjusted gross income and changes the laws regarding nonbank depositories
Last Action
Public Hearing Held (S)
4/28/2014