SB 280 – Specifies that insurance companies subject to an annual tax on gross premium receipts are exempt from the imposition of Missouri's corporate income and franchise taxes

• Sponsor: Rupp
• LR Number: 1434S.01P
• Committee: Small Business, Insurance and Industry
• Last Action: 4/14/2009 - Voted to return to committee of origin H Rules Committee
• Journal Page: H1042
• Effective Date: August 28, 2009
• House Handler: Yates

Current Bill Summary

SB 280 - Under current law, insurance companies which pay an annual tax on gross premium receipts are exempt from the imposition of Missouri's corporate income and franchise taxes. This act specifies that insurance companies subject to an annual tax on gross premium receipts are exempt from the imposition of Missouri's corporate income and franchise taxes.

JASON ZAMKUS