143.301. Transitional adjustments.
Transitional adjustments.
143.301. The director of revenue shall prescribe regulationsdealing with situations in which the application of sections143.011 to 143.996 to a taxpayer produces a computation oftaxable income under a method of accounting different from themethod under which the taxpayer's taxable income for the previousyear was computed for Missouri income taxation. The regulationsshall provide change of accounting method adjustments over aperiod not to exceed five years where the adjustments arenecessary to prevent substantial amounts from being duplicated oromitted.
(L. 1972 S.B. 549)Effective 1-1-73