135.307. Credit exceeding tax, not refunded, effect.
49 words·~1 min read·
/mo/chapter-135/135-307A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
135.307. Credit exceeding tax, not refunded, effect. — Any amount of credit which exceeds the tax due shall not be refunded but may be carried over to any subsequent taxable year, not to exceed four years.
--------
(L. 1985 H.B. 831 § 3, A.L. 1996 H.B. 1237)
Effective 1-01-97