Mo. Rev. Stat. ch. 143 – Income Tax | Midpage

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Revised Statutes of Missouri

Chapter 143

Mo. Rev. Stat. ch. 143

Income Tax

143.005Sections 143.181 and 143.471 effective date 143.009Effective date 143.011Resident individuals — tax rates — rate reductions, when 143.021Tax determined by rates in section 143.011 — no tax on taxable income, when 143.022Deduction for business income — business income defined — increase in percentage of subtraction, when 143.031Combined return of husband and wife 143.041Nonresident individual — inapplicable to out-of-state businesses and employees, when 143.051Part-year resident 143.061Fiduciaries 143.071Corporations — inapplicable to out-of-state businesses, when 143.081Credit for income tax paid to another state 143.091Meaning of terms 143.1000Funding — income tax refund, designating authorized amount, when — contributions 143.1001Taxpayers, individuals or corporations may designate tax refund as contribution to veterans' trust fund — amount — procedure — director of revenue's duties — collection costs allowed — list of contributors — confidentiality, violation, penalty — exception 143.1002Tax refund credited to home delivered meals trust fund — contributions accepted — director of revenue to transfer contributions, trust fund created — state treasurer to administer fund 143.1003Tax refund may be credited to National Guard trust fund — director's duties — penalty for release of information 143.1004Tax refund may be designated to the Missouri military family relief fund 143.1005Income tax refunds, designation of a portion of to certain charitable organizations — transfer of contributions, procedure 143.1006Childhood lead testing fund — refund donation designation 143.1008After-school retreat reading and assessment grant program fund, tax refund contribution may be designated — director's duties — sunset provision 143.1009Breast cancer awareness trust fund, designation of tax refund permitted — director's duties — sunset provision 143.101Definitions 143.1013American Red Cross trust fund, refund donation to — fund created — director's duties — sunset provision 143.1014Puppy protection trust fund, refund donation to — fund created, use of moneys — director's duties — sunset provision 143.1015Foster care and adoptive parents recruitment and retention fund, refund donation to — director's duties 143.1016Organ Donor Program fund, designation of refund permitted — director's duties 143.1017Developmental disabilities waiting list equity trust fund, refund donation to — fund created — director's duties — sunset provision 143.1020Designation of state tax refund to general revenue — transfer of contributions 143.1025Workers memorial fund, tax refund contribution may be designated — director's duties 143.1026Sahara's law — pediatric cancer research donation — fund created — sunset provision 143.1027Missouri National Guard Foundation Fund, tax refund contribution may be designated — fund created — director's duties 143.1028Kansas City Regional Law Enforcement Memorial Foundation Fund tax refund designation 143.1029Soldiers Memorial Military Museum in St. Louis Fund tax refund designation 143.1032Missouri medal of honor fund tax refund designation 143.1100Bring jobs home act — definitions — income tax deduction allowed, amount — restrictions — rulemaking authority — sunset 143.111Missouri taxable income 143.113Deduction for health insurance costs of self-employed individuals, rules 143.114Deduction for sales or exchanges of employer securities to a qualified Missouri employee stock ownership plan — information provided to former employees upon separation 143.1150First-time home buyer tax deduction — definitions — deduction amount — rulemaking authority — sunset provision 143.1160Long-term dignity savings account tax deduction — definitions — deduction amount — rulemaking authority — sunset provision 143.1170Foster parent tax deduction — definitions — amount — procedure — rulemaking authority 143.118Health care sharing ministry deduction — rulemaking authority 143.119Federal health insurance deduction, state tax credit — rulemaking authority — sunset provision 143.121Missouri adjusted gross income 143.123Taxes on annuities, pensions and retirement allowances, subtraction per taxpayer, maximums per year or six-month period 143.124Annuities, pensions, retirement benefits, or retirement allowances provided by state, United States, political subdivisions or any other state, Keogh plans, annuities from defined pension plans and IRAs, amounts subtracted from Missouri adjusted gross income 143.125Social Security benefits income tax exemption — amount — rulemaking authority 143.127Deduction for restitution received by victims of National Socialist (Nazi) persecution 143.131Missouri standard deduction, when used, amount 143.141Itemized deductions, when authorized, how computed 143.143Provisions of sections 143.131 and 143.141 effective, when 143.151Missouri personal exemptions 143.161Missouri dependency exemptions 143.171Federal income tax deduction, amount, corporate and individual taxpayers 143.173Tax deduction for job creation by small businesses, definitions, amount, procedure, sunset date 143.174Tax deduction for compensation received as an active duty military member 143.175Military personnel, reserves and inactive duty training, deduction, amount 143.177Missouri working family tax credit act — definitions — tax credit for percentage of federal earned income tax credit — department duties — annual report — rulemaking authority 143.181Missouri nonresident adjusted gross income 143.183Professional athletes and entertainers, state income tax revenues from nonresidents — transfers to Missouri arts council trust fund, Missouri humanities council trust fund, Missouri state library networking fund, Missouri public television broadcasting corporation special fund and Missouri historic preservation revolving fund 143.191Employer to withhold tax from wages — armed services, withholding from wages or retirement — federal civil service retirement, withholding authorized, when — inapplicable to out-of-state businesses, when 143.201Information statement for employee 143.2100Definitions — report, contents — rulemaking authority 143.2105Definitions — income tax deduction for port cargo volume increase, calculation — claiming procedure 143.211Credit for tax withheld 143.2110Income tax deduction for cargo — amount, claiming procedure 143.2115Definitions — income tax deduction for increased qualified trade activities or capital investment for trade activities — amount, claiming procedure, exclusions — aggregation of claims — recapture — guidelines 143.221Employer's return and payment of tax withheld 143.225Quarter-monthly remittance, when — deemed filed on time, when — quarter-monthly defined — underpayment penalty, exceptions — electronic funds payment system authorized 143.241Employer's and corporate officer's liability for withheld taxes — sale of business, liabilities 143.251Employer's failure to withhold 143.261Compensation 143.265Retirement income, withholding authorized, when 143.271Period for computation of taxable income 143.281Methods of accounting 143.291Adjustments 143.301Transitional adjustments 143.311Missouri taxable income and tax 143.321Exempt associations, trusts, and organizations 143.331Resident estate or trust defined 143.341Missouri taxable income of resident estate or trust 143.351Fiduciary adjustment 143.361Credit for income tax paid to another state 143.371Nonresident estate or trust defined 143.381Missouri taxable income of nonresident estate or trust 143.391Share of nonresident estate, trust, or beneficiary in income from Missouri sources 143.401General treatment of partners and partnerships 143.411Resident partner modifications — nonresident partners, composite returns — withholding required, when, amount 143.421Nonresident partner — adjusted gross income from Missouri sources 143.425Federal adjustments due to audit, IRS actions, or amended federal tax returns — definitions — reporting requirements — audited partnerships, duties — additional taxes assessed, when — estimated payments — rulemaking authority 143.431Missouri taxable income and tax 143.433No corporate income tax return or other document filing required, when 143.436SALT parity act — definitions — affected business entity tax, certain partnerships and S corporations — nonresident members — reporting — tax credits — election to become affected business entity — rules 143.441Corporation defined — corporate tax inapplicable, when 143.451Taxable income to include all income within this state — definitions — intrastate business, report of income, when — deductions, how apportioned 143.455Taxable income, what constitutes — definitions — taxable in another state, when — rents and royalties — sale of tangible personal property — transportation services — deductions — S corporations 143.461Elective division of income 143.471S corporations, shareholders — composite returns — withholding required, when, how determined — pro rata share of certain tax credits for banking S corporations, S corporations that are associations, or credit institutions 143.481Persons required to make returns of income 143.491Returns by husband and wife 143.501Returns by fiduciary and partnership 143.511Time and place for filing returns and paying tax, exception 143.521Declarations of estimated tax 143.531Time for filing declaration of estimated tax 143.541Payments of estimated tax 143.551Extension of time for filing and payment 143.561Signing of returns and other documents 143.571Requirements — returns, notices, records, and statements 143.581Partnership returns 143.591Information returns 143.601Report of change in federal taxable income 143.621Assessment final if no protest 143.631Protest by taxpayer, effect of — request for informal hearing — payment under protest, written statement required, content — receipt of deposit, duties of director — request for return of deposit, when, effect 143.641Notice of determination after protest 143.651Action of director of revenue final — review 143.661Burden of proof on taxpayer, exceptions 143.671Evidence of related federal determination admissible, when 143.681Mathematical error 143.691Waiver of restriction 143.701Assessment of tax 143.711Limitations on assessment 143.721Recovery of erroneous refund 143.731Interest on underpayments 143.732Penalties for delayed payments or underpayments of individual tax liability not assessed for tax year 2018, when, interest — rulemaking — sunset provision 143.741Failure to file tax returns 143.751Failure to pay tax 143.761Failure to pay estimated income tax 143.771Additions treated as tax 143.773Penalty for filing incomplete or misleading return — procedure 143.781Authority to make credits or refunds — authority to make setoffs for debts owed to state agencies 143.782Definitions 143.783Debt requirement, exception — revenue department's priority — setoff in addition to other remedies 143.784Debt owed to state agency, setoff procedure — contesting setoff, taxpayer's rights, how waived — joint returns only one taxpayer liable for setoff, procedure — deposit of funds — reciprocal agreements with other state 143.785Hearing before agency requesting setoff to determine validity of claim, when — appeal 143.786Setoff finalization procedure — refund deemed granted, when — excess over setoff paid to taxpayer — interest on escrow account deposited 143.787Director's duties, forms — rules and regulations, procedure 143.788Confidential information, disclosure by department, when, exception — limitation on use, violation, penalties 143.790Unpaid health care services to hospitals or health care providers, claim may be made on debtor's tax refund — remainder to be debt of department of health and senior services 143.791Abatements 143.801Limitations on credit or refund 143.811Interest on overpayment 143.821Refund claim 143.831Notice of director's action 143.841Protest of denied claim 143.851Timely mailing 143.861Collection procedures 143.871Income tax claim of other states 143.881Transferees 143.891Jeopardy assessments 143.901Bankruptcy or receivership, claims for deficiency 143.902Liens on property, notice to taxpayer, duration — effect — improperly filed liens, notice to director, contents — release of lien, procedure — fees — duties of director 143.903Unexpected court or administrative hearing decision shall apply only after most recently ended tax period imposed by chapters 143 and 144 — unexpected, defined 143.911Attempt to evade or defeat tax, penalty 143.921Failure to collect or pay over tax, penalty 143.931Failure to file return, supply information, pay tax, penalty 143.941False statements, penalty 143.946Prior conviction, effect of 143.951Limitations 143.961Rules and regulations 143.971Returns and forms 143.980Citation of law — definitions — preparer tax identification number required, when, penalties — director may commence suit, injunctive relief 143.986Closing agreements 143.991Armed Forces relief provision — Christopher J. Bosche memorial act 143.996Prohibition of legislator representation 143.997Income excluded by statute or rule held invalid by supreme court, no deficiency to be charged 143.998Tax return to contain number assigned by director to school district 143.999Exclusion of employer contributions to individual medical accounts — requirements for eligibility of exclusion — rules, procedure