A taxpayer that is a member of an affiliated group of corporations which files a consolidated federal income tax return shall determine its deduction for or its gross income in respect of federal income taxes paid or accrued during the income period to the United States as if it and all other members of the affiliated group of which it was a member had filed separate federal income tax returns for all relevant taxable years.
Mo. Rev. Stat. § 148.045
Computation of deduction, taxpayer files consolidated return
Known as the Bank Tax Law
The act spans §§ 148–148 (70 sections).
Effective: 15 May 1986, see footnote; (L. 1986 H.B. 1195)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.