| HB1005 | REPEALS LIMIT ON DEDUCTIBILITY OF FEDERAL INCOME TAXES PAID BY CORPORATIONS. |
| Sponsor: | Evans, Brent (92) | Effective Date:00/00/0000 | |||
| CoSponsor: | Hendrickson, Carl (97) | LR Number:2204-01 | |||
| Last Action: | 03/22/1999 - Referred: Ways and Means (H) | ||||
| HB1005 | |||||
| Next Hearing: | Hearing not scheduled | ||||
| Calendar: | Bill currently not on calendar | ||||
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HB 1005 -- Corporate Income Tax Deduction Co-Sponsors: Evans, Hendrickson, Nordwald, Gross, Secrest, Crawford, Hanaway Under current law, corporate income taxpayers are allowed to deduct 50% of federal income taxes paid by the corporation in the computation of Missouri corporate income tax. This bill increases the deduction to 100%.
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Last Updated September 30, 1999 at 1:28 pm