HCS HB 1556 -- INVESTMENT FUNDS SERVICE CORPORATIONS (Rizzo)

This substitute requires the Director of the Department of
Economic Development to determine whether or not an investment
funds service corporation or S corporation not currently
headquartered in Missouri would, if it were to relocate its
principal business headquarters to Missouri, be able to take
advantage of the annual election to determine its taxable income
in one of two ways.  The determination rendered by the director
would be binding if the business did relocate and if the business
still met the requirements.

The substitute has an emergency clause.

FISCAL NOTE:  Estimated Net Income to General Revenue Fund of
Unknown in FY 2003, FY 2004, and FY 2005.

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