Supplement: MO SB1131 | 2024 | Regular Session | Summary: Introduced
For additional supplements on Missouri SB1131 please see the Bill Drafting List
Bill Title: Modifies provisions relating to the taxation of pass-through entities
Status: 2024-02-26 - Hearing Cancelled S Economic Development and Tax Policy Committee [SB1131 Detail]
Download: Missouri-2024-SB1131-Summary_Introduced.html
Bill Title: Modifies provisions relating to the taxation of pass-through entities
Status: 2024-02-26 - Hearing Cancelled S Economic Development and Tax Policy Committee [SB1131 Detail]
Download: Missouri-2024-SB1131-Summary_Introduced.html
SB 1131 - Current law provides for an alternative method for the taxation of the income of pass-through entities, and provides for a compensatory tax credit against income taxes due pursuant to other methods of taxation. This act applies such provisions to fiduciaries.
This act also allows a designated affected business entity representative to sign the form electing to be taxed pursuant to the alternative method of taxation.
This act is identical to SB 696 (2023).
JOSH NORBERG