Tax credit allowed for S corporation shareholders of credit institutions, amount.

1. Law
2. Missouri Revised Statutes
3. Taxation and Revenue
4. Taxation of Financial Institutions
5. Tax credit allowed for S corporation shareholders of credit institutions, amount.

Effective - 28 Aug 2006

148.657. Tax credit allowed for S corporation shareholders of credit institutions, amount. — Subchapter S corporation shareholders of a credit institution required to pay franchise taxes under section 148.140 may take a tax credit against such shareholder's state income tax return, as provided in section 143.471. Such tax credit shall be the taxpayer's pro rata share of the franchise tax paid by the credit institution as provided in this chapter.

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(L. 2006 S.B. 892)

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