| SB 0866 | Provides a centralized filing system in the records of the Division of Finance |
| Sponsor: | Klarich | |||
| LR Number: | 3717S.01I | Fiscal Note: | 3717-01 | |
| Committee: | Financial and Governmental Organization | |||
| Last Action: | 05/12/00 - S Inf Calendar S Bills for Perfection | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 2000 | |||
SB 866 - This legislation provides a centralized filing
system for financial institutions. It proposes that all official
filings be kept in the public records of the Division of Finance.
The legislation also modifies the definition of a "trust" for
income tax purposes by requiring that at least one income
beneficiary be a resident of Missouri. In addition, this
legislation allows an additional tax credit to banking
institutions equal to one-sixtieth of one percent of its
outstanding shares and surplus.
STEPHEN WITTE