| SB 0959 | Director of Revenue may issue opinion whether certain invest ment corporations may use multistate income calculation |
| Sponsor: | Kenney | Co-Sponsor(s) | ||
| LR Number: | 3936S.03T | Fiscal Note: | 3936-03 | |
| Committee: | Commerce and Environment | |||
| Last Action: | 06/27/02 - Signed by Governor (w/EC) | Journal page: | ||
| Title: | SS SCS SB 959 | |||
| Effective Date: | Emergency Clause | |||
SS/SCS/SB 959 - This act allows the Director of the Department of Economic Development to issue an opinion whether a nonresident investment funds service corporation or S corporation may apply the separate multistate income calculation set forth in subdivision 5 of subsection 2 of Section 143.451, RSMo. That subdivision considers qualifying sales of such corporations to be considered wholly within Missouri only to the extent that the fund shareholders of the investment companies reside in Missouri.
This act has an emergency clause.
This act is identical to HCS/HB 1556 (2002).
CINDY KADLEC