Home/Missouri/Statutes/Title X: TAXATION AND REVENUE/Ch. 148: Taxation of Financial Institutions/§ 148.655
Missouri Statutes

§ 148.655 — Tax credit allowed for S corporation shareholders of associations, amount.

Missouri § 148.655
JurisdictionMissouri
Title XTAXATION AND REVENUE
Ch. 148Taxation of Financial Institutions

This text of Missouri § 148.655 (Tax credit allowed for S corporation shareholders of associations, amount.) 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. § 148.655 (2026).

Text

Subchapter S corporation shareholders of an association required to pay franchise taxes under section 148.620 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 the franchise tax paid by the association as provided in this chapter.

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Legislative History

(L. 2006 S.B. 892)

Nearby Sections

15
§ 148.010
Title of law.
§ 148.020
Definitions.
§ 148.030
Banks subject to tax based on income — rate — credits.
§ 148.031
Substitute bank franchise tax.
§ 148.040
Definitions and computation of net and gross income.
§ 148.045
Computation of deduction, taxpayer files consolidated return.
§ 148.050
Returns, when filed.
§ 148.060
Overpayment, underpayment of tax — failure to file, estimation of tax by director of revenue — notice of deficiency.
§ 148.062
Franchise tax, administered how.
§ 148.064
Ordering and limit reductions for certain credits — consolidated return — transfers of credits — effect of repeal of corporation franchise tax — pass through of tax credits by S corporation bank.
§ 148.065
Intangible tax fund created — maintenance and investment of fund — distribution of interest income to counties.
§ 148.068
Tax assessed, when, supplemental assessment.
§ 148.070
Notice of deficiency, time limitations.
§ 148.072
Interest, additions to tax, penalties, due when.
§ 148.074
Overpayment of tax, director may credit against other tax liability, when.
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Bluebook (online)
Missouri § 148.655, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/148/148.655.