SB 238 - Callahan, Victor
Disallows the domestic production deduction for Missouri income tax purposes
Bill Details
Sponsor
LR Number
1444S.01I
Title
SB 238
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2009
Committee
Current Status
Hearing Conducted S Ways and Means Committee
Quick Links
Amendments
No amendments available
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