All income received by a development finance corporation is exempt from the taxes imposed on incomes by this state; but this exemption does not apply to income received by stockholders of the development finance corporation in the form of dividends or otherwise.
Mo. Rev. Stat. § 371.220
Corporate income exempt from income tax
Effective: 28 Aug 1961; (L. 1961 p. 157 § 20)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.