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SB 856 - For all tax years beginning on or after January 1, 2017, a taxpayer may deduct from their federal adjusted gross income used to determine their Missouri adjusted gross income an amount up to 50% of the net capital gain from the sale or exchange of employer securities of a Missouri corporation to a qualified employee stock ownership plan if the employee stock ownership plan includes at least 30% of all outstanding employer securities. The act shall sunset six years after enactment. DOMENIC SITA
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