HB 1966 -- Net Operating Loss Calculation

Sponsor:  Cooper (120)

This bill changes the way corporate net operating losses are
calculated and removes the restriction for specific depreciation
deductions.  Net operating losses can be used to offset amounts
due for withholding taxes.  The bill also removes the requirement
that 50% or more of an affiliated group of corporations' income
be derived from sources within this state to file a consolidated
Missouri income tax return.

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:45 am