SB 238 – Disallows the domestic production deduction for Missouri income tax purposes

• Sponsor: Callahan
• LR Number: 1444S.01I
• Committee: Ways and Means
• Last Action: 2/11/2009 - Hearing Conducted S Ways and Means Committee
• Effective Date: August 28, 2009

Current Bill Summary

SB 238 - This act decouples Missouri law from the Internal Revenue Code to the extent that it allows a deduction for domestic production activities. To determine Missouri adjusted gross income taxpayers must "add-back", to federal adjusted gross income, any amount deducted as qualified production activities income, in order to determine such taxpayer's Missouri adjusted gross income.

JASON ZAMKUS