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

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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.