143.321. Exempt associations, trusts, and organizations.
85 words·~1 min read·
/mo/chapter-143/143-321A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
143.321. Exempt associations, trusts, and organizations. — A trust or other unincorporated organization which by reason of its purposes and activities is exempt from federal income tax shall be exempt from the tax imposed by sections 143.011 to 143.996 . The preceding sentence shall not apply to unrelated business taxable income and other income on which Chapter 1 of the Internal Revenue Code imposes the federal income tax or any other tax measured by income.
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(L. 1972 S.B. 549)
Effective 1-1-73, see § 143.109