|SB 0866||Provides a centralized filing system in the records of the Division of Finance|
|LR Number:||3717S.01I||Fiscal Note:||3717-01|
|Committee:||Financial and Governmental Organization|
|Last Action:||05/12/00 - S Inf Calendar S Bills for Perfection||Journal page:|
|Effective Date:||August 28, 2000|
SB 866 - This legislation provides a centralized filing
system for financial institutions. It proposes that all official
filings be kept in the public records of the Division of Finance.
The legislation also modifies the definition of a "trust" for
income tax purposes by requiring that at least one income
beneficiary be a resident of Missouri. In addition, this
legislation allows an additional tax credit to banking
institutions equal to one-sixtieth of one percent of its
outstanding shares and surplus.