HB 514 -- Income Tax:  Net Operating Losses

Co-Sponsors:  Cooper (120), Stevenson, Sutherland, Goodman, Smith
(118), Yates

This bill changes provisions related to the carry-forward and
carry-back provisions of net operating losses for income tax
purposes.  Any amount of net operating losses taken against
federal taxes but disallowed against Missouri taxes since July 1,
2002, may be carried forward and used up to 20 years in the
future.  In addition, certain net operating losses relating to
farming may be carried back and forward in the same manner as
allowed by federal law.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:12 am