Missouri § 148.112 Distribution of franchise tax credit for bank S corporation shareholders.

Missouri Statutes

§ 148.112 — Distribution of franchise tax credit for bank S corporation shareholders.

Missouri § 148.112

Title XTAXATION AND REVENUE

Ch. 148Taxation of Financial Institutions

This text of Missouri § 148.112 (Distribution of franchise tax credit for bank S corporation shareholders.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 148.112 (2026).

Text

Subchapter S corporation shareholders of:

(i)a bank; or (ii) a bank holding company of a bank permitted to file a substitute bank franchise tax pursuant to section 148.031 , may take a tax credit against such shareholder's state income tax return, as provided in section 143.471 . Such tax credit shall be the taxpayer's pro rata share of either the franchise tax, or the tax in lieu of the franchise tax, paid by the bank as provided in this chapter.

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Subchapter S corporation shareholders of: (i) a bank; or (ii) a bank holding company of a bank permitted to file a substitute bank franchise tax pursuant to section 148.031 , may take a tax credit against such shareholder's state income tax return, as provided in section 143.471 . Such tax credit shall be the taxpayer's pro rata share of either the franchise tax, or the tax in lieu of the franchise tax, paid by the bank as provided in this chapter.