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Code · Missouri · Chapter 371

371.220. Corporate income exempt from income tax.

57 words·~1 min read·/mo/chapter-371/371-220

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371.220. Corporate income exempt from income tax. — All income received by a development finance corporation is exempt from the taxes imposed on incomes by this state; but this exemption does not apply to income received by stockholders of the development finance corporation in the form of dividends or otherwise.
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(L. 1961 p. 157 § 20)
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