135.277. Taxable income of retained business facility exempt from income taxation, amount.
Taxable income of retained business facility exempt from incometaxation, amount.
135.277. The provisions of chapter 143, RSMo, notwithstanding, one-halfof the Missouri taxable income attributed to an approved retained businessfacility that is earned by a taxpayer operating the approved retained businessfacility may be exempt from taxation under chapter 143, RSMo. That portion ofincome attributed to the retained business facility shall be determined in amanner prescribed in paragraph (b) of subdivision (9) of section 135.276,except that compensation paid to truck drivers, rail, or barge vehicleoperators shall be excluded from the fraction.
(L. 2003 H.B. 289 merged with S.B. 620)Effective 6-18-03 (S.B. 620)
7-07-03 (H.B. 289)
Contingent expiration date, see § 135.284