HB 129 -- Corporate 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 the income of an affiliated group of
corporations be derived from sources within this state to file a
consolidated Missouri income tax return.

Missouri House of Representatives
94th General Assembly, 1st Regular Session
Last Updated July 25, 2007 at 11:18 am