Taxable income of retained business facility exempt from income taxation, amount.

1. Law
2. Missouri Revised Statutes
3. Taxation and Revenue
4. Tax Relief
5. Taxable income of retained business facility exempt from income taxation, amount.

Effective - 07 Jul 2003

135.277. Taxable income of retained business facility exempt from income taxation, amount. — The provisions of chapter 143 notwithstanding, one-half of the Missouri taxable income attributed to an approved retained business facility that is earned by a taxpayer operating the approved retained business facility may be exempt from taxation under chapter 143. That portion of income attributed to the retained business facility shall be determined in a manner prescribed in paragraph (b) of subdivision (9) of section 135.276, except that compensation paid to truck drivers, rail, or barge vehicle operators shall be excluded from the fraction.

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(L. 2003 H.B. 289 merged with S.B. 620)

Effective 6-18-03 (S.B. 620); 7-07-03 (H.B. 289)

Contingent expiration date, see § 135.284

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