The provisions of chapter 143 notwithstanding, one-half of the Missouri taxable income attributed to an approved retained business facility that is earned by a taxpayer operating the approved retained business facility may be exempt from taxation under chapter 143. That portion of income attributed to the retained business facility shall be determined in a manner prescribed in paragraph (b) of subdivision (9) of section 135.276, except that compensation paid to truck drivers, rail, or barge vehicle operators shall be excluded from the fraction.
Mo. Rev. Stat. § 135.277
Taxable income of retained business facility exempt from income taxation,..
Known as the Adoption Tax Credit Act
The act spans §§ 135–135 (159 sections).
Effective: 07 Jul 2003, see footnote; (L. 2003 H.B. 289 merged with S.B. 620)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.