SB 238
Disallows the domestic production deduction for Missouri income tax purposes
Sponsor:
LR Number:
1444S.01I
Committee:
Last Action:
2/11/2009 - Hearing Conducted S Ways and Means Committee
Journal Page:
Title:
Calendar Position:
Effective Date:
August 28, 2009

Current Bill Summary

SB 238 - This act decouples Missouri law from the Internal Revenue Code to the extent that it allows a deduction for domestic production activities. To determine Missouri adjusted gross income taxpayers must "add-back", to federal adjusted gross income, any amount deducted as qualified production activities income, in order to determine such taxpayer's Missouri adjusted gross income.

JASON ZAMKUS

Amendments