Missouri Revised Statutes













Chapter 143

Income Tax

←143.105

Section 143.106.1

143.107→

August 28, 2015

Federal income tax deductions.

143.106. 1. Notwithstanding the provisions of section 143.171, to the

contrary, a taxpayer shall be allowed a deduction for his federal income tax

liability under chapter 1 of the Internal Revenue Code for the same taxable

year for which the Missouri return is being filed after reduction for all

credits thereon, except the credit for payments of federal estimated tax, the

credit for the overpayment of any federal tax, and the credits allowed by the

Internal Revenue Code by section 31 (tax withheld on wages), section 27 (tax

of foreign country and United States possessions), and section 34 (tax on

certain uses of gasoline, special fuels, and lubricating oils).



2. If a federal income tax liability for a tax year prior to the

applicability of sections 143.011 to 143.996 for which he was not previously

entitled to a Missouri deduction is later paid or accrued, he may deduct the

federal tax in the later year to the extent it would have been deductible if

paid or accrued in the prior year.



(L. 1993 S.B. 380 §§ B, 2)



(1996) Contingent referendum provision was an unconstitutional

delegation of legislative authority, thereby making this section

void. Akin v. Director of Revenue, 934 S.W.2d 295 (Mo. banc).







Top



Missouri General Assembly



Copyright © Missouri Legislature, all rights reserved.