HB 1556 -- Corporate Income Tax:  Formula for Determining
Missouri Taxable Income

Sponsor:  Rizzo

This bill expands the formula for determining Missouri corporate
income tax liability to allow corporations to apportion income
among the various states in which they operate and generate
income.  Income from separately managed accounts offered by
investment funds service corporations headquartered in Missouri
after January 1, 2001, will be allowed to be apportioned.

"Separately managed account" is defined as a discretionary
advisory account held by certain institutional investors pursuant
to a investment advisory contract.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:01 am