Statutes > Missouri Statutes > Title VII — CITIES, TOWNS AND VILLAGES > Chapter 92 Taxation in St. Louis, Kansas City (and Certain Other Cities) > 92.240. Net profits, how ascertained (Kansas City and St. Joseph).

92.240. Net profits, how ascertained (Kansas City and St. Joseph).

Net profits, how ascertained (Kansas City and St. Joseph).

92.240. The net profits or earnings of associations,businesses or other activities, and corporations shall beascertained and determined by deducting the necessary expenses ofoperation from the gross profits or earnings.

(L. 1963 p. 152 § 3)