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MO HB1422

Bill

Official Source

Status

Introduced

1/15/2014

Primary Sponsor

Mark Parkinson

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Repeals and replaces section 143.071 of Missouri Revised Statutes regarding corporate income tax
  • Maintains 5% corporate income tax rate for tax years beginning before September 1, 1993
  • Maintains 6.25% corporate income tax rate for tax years beginning September 1, 1993 through December 31, 2014
  • Eliminates all corporate income tax on Missouri taxable income for tax years beginning January 1, 2015 and thereafter

Legislative Description

Eliminates the corporate income tax imposed on Missouri businesses beginning in 2015

Last Action

Referred: Ways and Means(H)

1/22/2014

Committee Referrals

Ways And Means1/22/2014

Full Bill Text

No bill text available